CPI Increase could see RBA raise rates: Liberal Senator Dave Sharma

Liberal Senator Dave Sharma discusses the concerns around the increase in the monthly CPI. The April CPI indicator rose to 3.6 per cent from 3.5 per cent, worrying mortgage holders around Australia. “We’ve got concerns that the budget that the government announced last week is going to add to inflationary pressures in the economy,” Mr Sharma told Sky News Australia. “You’re already seeing economists out there today saying the reserve bank might need to raise rates.”