Rate of inflation ‘stubbornly staying’ above three per cent

Financial Planner and Author Patricia Howard says the rate of inflation is “stubbornly staying” above three per cent. Ms Howard said the Reserve Bank of Australia wants to get the rate “back into its preferred trading range” between two and three per cent. ‘It’s stubbornly staying above 3 per cent,” she said. “The most recent figures for March are suggesting that inflation is actually about to increase. “Certainly, increased during the March quarter and there are every indications that it will continue to rise.”