Inflation rises 2% year on year which is higher than expected

Inflation has risen faster than expected with year on year increase of 2%. This is still with the RBA guidelines of 2% – 3% but much higher than the anticipated 1.4%. The big movers were electricity, gas and other household fuels.

Inflation can often be linked to property prices. In times where inflation is increasing, so do property prices. It is on of the many indicators a property investment advisor will track.