Australian inflation higher than expected, dashes rate cut hopes

Australian inflation rose more than expected in the September quarter due to a sharp spike in fuel prices, sending the local dollar to a 4-1/2 month high as markets pruned back the chances of further interest rates cut this year.

via Business feed http://www.scmp.com/business/economy/article/1337862/australian-inflation-higher-expected-dashes-rate-cut-hopes