The Age
·general
·1 hour ago
Inflation lifts close to three-year high off back of fuel price surge
Inflation in Australia rose to 4.6 percent in March, driven by a 32.8 percent surge in fuel prices, marking the highest level since September 2023. The Australian Bureau of Statistics reported that this increase accounted for nearly three-quarters of the overall change. Investors reacted by downgrading expectations for a nearby interest rate hike by the Reserve.
Summary by Glance · The Age
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