Annual inflation rate in the December quarter has 'surprised on the upside'

Sky News Business Editor Ross Greenwood says the annual inflation rate rising to 7.8 per cent in the December quarter has “surprised on the upside”.

annual inflation rate in the december quarter has 'surprised on the upside'

Annual inflation rate in the December quarter has ‘surprised on the upside’

“Most of the forecast had really been around seven and a half, 7.6 per cent,” he said.

“The quarterly rate also is higher than anticipated as well at 1.9 per cent.”

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