ABC News – Top stories
·general
·8 hours ago
What is inflation and should you be worried about it?
Australia's Consumer Price Index rose 4.6 percent in the 12 months to March, the highest since September 2023, driven by surging petrol prices following the Iran conflict. The Reserve Bank will decide next week whether to raise interest rates, which would increase mortgage repayments. Higher inflation erodes purchasing power, making goods and services more expensive for households.
Summary by Glance · ABC News – Top stories
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