you wish Amber rosy..... 3.8% means they'll need to weigh up all the factors more evenly, far less likely to raise than if the non-core inflation was over 4%..... but with the trimmed mean at 3.9% and 'core inflation' rising 0.1 to 4.1% yep there is a weighting toward raising the rate.
rents and fuel are still prime movers of inflation. health costs too.
with this in mind, an interest rate rise would be likely to push rental rates higher faster. and fuels are now guaranteed to rise because the right wingtipper Morrison govt closed the oil refineries adding more cost to the taxpayer. so raising the interest rate would not be helpful.
we have 2 weeks to ponder these facts. I wouldn't be leaping to any conclusions just yet.
