Australia's PPI (Producer Price Index) which measures the change in price of goods sold by manufacturers came in hotter at 4.3% compared against 4.1% last month and 3.8% the month before last, all indicating rising inflation is back on track.
If we don't already know the real culprit: PETROL PRICE!
I think it would be hard for the RBA to lower rates this year, certainly no sooner than any other major central bank. I would be surprised if RBA raises rates instead as what Judo Bank's Hogan suggested, it would be easier to hold pat, to avoid being blamed for tilting the economy into a recession.
