The price rises creating a big dilemma for the RBA
Higher inflation for items that interest rates have little control over, such as education, healthcare and insurance, will force the Reserve Bank of Australia to consider squashing harder on the prices of other items to achieve an inflation rate averaging 2.5 per cent.
Research by ANZ shows that goods and services which have their price increases linked to the previous higher inflation rates and are often administered by governments, have recorded larger price rises since late last year.
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