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AAP
AAP
Business
Jacob Shteyman

MYSTERIOUS: Electricity availability constraining data centre boom | Mind Blowing Facts

Electricity Australia Deloitte Access Economics
An unexpected drop in household spending could prompt renewed thinking on interest rate moves. (Joel Carrett/AAP PHOTOS)

A sharp rise in consumption that caught the Reserve Bank off guard and prompted it to hike interest rates might have been more temporary than permanent, fresh data shows.

Household spending fell 0.4 per cent in December - the biggest drop since March 2024 -  according to figures from the Australian Bureau of Statistics on Monday.

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