Australia's inflation hits three-year high as unemployment forecasts rise

Inflation in Australia surged to a three-year high of 4.6 percent in March, driven by rising oil prices linked to geopolitical tensions. Analysts predict unemployment could hit 5 percent by year’s end, leading to 120,000 job losses. The Reserve Bank faces uncertainty as consumers remain cautious amid high living costs and economic instability.

Summary by Glance · SMH