business
Australia reports lower-than-expected first-quarter inflation — but price rise highest in 2 years
Key takeaways
- Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
- Australia's inflation rate soared to 4.09% in the first quarter from a year ago, marking its highest level in more than two years.
- The first-quarter inflation figure was lower than the 4.2% expected by economists polled by Reuters, but it still raises the prospects of an interest rate hike by the Reserve Bank of Australia.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
Australia's inflation rate soared to 4.09% in the first quarter from a year ago, marking its highest level in more than two years.
The first-quarter inflation figure was lower than the 4.2% expected by economists polled by Reuters, but it still raises the prospects of an interest rate hike by the Reserve Bank of Australia.
Article preview — originally published by CNBC. Full story at the source.
Read full story on CNBC →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from CNBC alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop