Australia’s inflation slows, but core still sticky

Investors still see a 33% ​risk that the Reserve Bank of Australia will be forced to increase rates again in February. — Bloomberg

SYDNEY: Australian consumer prices rose by less than forecast in November, data shows, but core inflation showed enough stickiness that investors still saw a risk interest rates would have to be hiked as early as next month.

The Australian ‌dollar initially slipped but was back to where it was, at US$0.6734. Three-year government bond futures rose five ticks before giving up gains to be slightly lower on the day at 95.78.