The Guardian Australia
·general
·10 hours ago
Australia's inflation hits 4.6% as fuel costs soar amid war
Australia's inflation surged to 4.6% for the year ending in March, up from 3.7% the previous month, as the Iran war fuel shock impacts prices. Fuel costs rose 33% in March, prompting market speculation that the Reserve Bank will increase interest rates again. Economists foresee inflation reaching 5.8% in May, complicating policymakers' efforts to manage the economic fallout.
Summary by Glance · The Guardian Australia
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