SMH
·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, 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.
Summary by Glance · SMH
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