The Reserve Bank of Australia is now more likely to consider raising interest rates again in May following the release of inflation data for the March quarter. CPI rose 1.3% in the quarter, resulting in a CPI figure for the year to the March quarter of 4.2%. The figure was higher than analyst forecasts of 4% and markedly above the 2-3% level which the RBA targets, indicating that rates could rise next month. Education and health prices were the biggest contributors to the high quarterly... ...Read more »