SMH
·general
·2 hours ago
Inflation lifts close to three-year high off back of fuel price surge
Inflation in Australia surged to 4.6 percent in March, a near-three year high, driven by a 32.8 percent spike in petrol prices. This increase accounted for almost three-quarters of the overall rise. Despite the inflation jump, expectations for an interest rate hike by the Reserve Bank have dwindled as the Australian dollar slipped against the US dollar.
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