The Numbers
Australia’s CPI Inflation Accelerates To 32-Year High
CPI inflation in Australia accelerated to 7.8% y/y in Q4, surpassing expectations of a milder increase from 7.3% y/y in Q3 to 7.6% y/y. Price increases are particularly pronounced among the housing (10.7% y/y), food (9.2% y/y) and recreation (9.0% y/y)…
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