INFLATION figures released today show prices are continuing to rise outside the Reserve Bank's comfort zone, although analysts say another rates rise is unlikely. The figures show prices continued to rise in the June quarter, with inflation remaining near 17 year-highs. Bank mortgage rates comparisonUnderlying inflation - which is the measure the Reserve Bank uses when considering interest rate rises - grew at 4.4 per cent for the year ended June, up from 4.25 per cent for the March year. Headline inflation rose 4.5 per cent for the year. Underlying inflation hit 4.25 per cent in the year to March its highest level since 1991. Economists have said that recent comments from the RBA suggest it's less likely to raise rates again, despite inflation remaining above its target band of 2 to 3 per cent. “Normally, we would expect...
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