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AAP
AAP
Politics
Poppy Johnston

FOUND: Firm inflation data underscores budget balancing act | Mind Blowing Facts

Inflation Jim Chalmers Con Chronis Stephen Smith
Inflation data has muddied the waters even further for the treasurer as he prepares the budget. (Con Chronis/AAP PHOTOS)

Australian mortgage holders should not be banking on interest rate relief following surprisingly strong quarterly inflation data.

The March quarter consumer price index revealed lingering price pressures, especially for services such as education, health, rents and insurance, slimming the chance of interest rate cuts any time soon. 

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