Canberra inflation rate hits 4.7 per cent, above national average as cost-of-living bites
RBA expected to lift cash rate to 4.85 per cent, highest since global financial crisis
The ACT's inflation rate has jumped to 4.7 per cent for the 12 months to September, climbing above the national average of 4.3 per cent, as households and small businesses feel the strain of rising costs. The Reserve Bank is expected to lift the cash rate again tomorrow to 4.85 per cent, the highest since the 2008 global financial crisis.