![Australia's low inflation keeps rate hikes off the table, but price pressures are building in major cities Australia's low inflation keeps rate hikes off the table, but price pressures are building in major cities](http://edge.alluremedia.com.au/uploads/businessinsider/2018/01/Australia-Q4-2017-CPI-core-chart.jpg)
Australia's low inflation keeps rate hikes off the table, but price pressures are building in major cities
![Inflation Expectations up 0.1% points to 4.9% in November; highest for seven years since November 2014 - Roy Morgan Research Inflation Expectations up 0.1% points to 4.9% in November; highest for seven years since November 2014 - Roy Morgan Research](http://www.roymorgan.com/~/media/files/morgan%20poll/2020s/2021/november/8861-inflation-states.png)
Inflation Expectations up 0.1% points to 4.9% in November; highest for seven years since November 2014 - Roy Morgan Research
![Inflation Expectations up 0.1% points to 4.9% in November; highest for seven years since November 2014 - Roy Morgan Research Inflation Expectations up 0.1% points to 4.9% in November; highest for seven years since November 2014 - Roy Morgan Research](https://www.roymorgan.com/~/media/files/morgan%20poll/2020s/2021/november/8861-c2.png?la=en)
Inflation Expectations up 0.1% points to 4.9% in November; highest for seven years since November 2014 - Roy Morgan Research
![and 5(a)). Meanwhile, Australia already had a high inflation rate at... | Download Scientific Diagram and 5(a)). Meanwhile, Australia already had a high inflation rate at... | Download Scientific Diagram](https://www.researchgate.net/profile/Mahinda-Siriwardana/publication/268058550/figure/fig2/AS:669411337846787@1536611508187/Figures-3-and-5a-Meanwhile-Australia-already-had-a-high-inflation-rate-at.png)