The Age
·general
·1 hour ago
Australian inflation climbs to three-year high of 4.6 percent in March
Inflation in Australia soared to a three-year high of 4.6 percent in March, driven by rising fuel prices linked to the ongoing conflict in the Middle East. Analysts predict unemployment could reach 5 percent by year's end, affecting approximately 120,000 workers. Market expectations for a Reserve Bank rate hike have eased despite the grim economic outlook.
Summary by Glance · The Age
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