Inflation edges up, but not enough to take interest rate cut off the agenda

Official inflation has strengthened marginally but is still well below the Reserve Bank's target band of two to three percent. 

The ABS says the consumer price index rose 0.5 percent in the December quarter and 1.8 percent over the year. 

Combined with the housing correction and credit squeeze stemming from the banking Royal Commission, some economists are tipping the RBA will cut interest rates this year.

Here's my report from The World Today