Brisbane Times
·general
·10 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, its highest level since September 2023, driven by a 32.8 percent spike in fuel prices. The Australian Bureau of Statistics reported that this increase accounted for nearly three-quarters of the overall inflation rise. Investors reacted by reducing expectations for an interest rate hike from the Reserve.
Summary by Glance · Brisbane Times
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