Consumer prices could soar beyond the Reserve Bank’s targets for the first time in more than a year, economists predict, as the central bank considers its next interest rate move. Given the RBA’s target band for consumer price increases is between two and three per cent, Wednesday’s figure may tip just outside that range. Still, many economists do not think the higher headline inflation rate will have much impact on the bank’s thinking when it comes to setting interest rates. Underlying inflation, which strips out volatile items like power prices, is the Reserve Bank’s preferred measure. The RBA board begins its next interest rate meeting on September 29, but analysts and markets predict it will wait until November to announce another rate cut.