Australia inflation races to 32-year high, sounds rate alarm https://ift.tt/apJFe8H from the Australian Bureau of Statistics on Wednesday showed the consumer price index (CPI) jumped 1.8% in the September quarter, topping market forecasts of 1.6%. The annual rate shot up to 7.3%, from 6.1%, the highest since 1990 and almost three times the pace of wage growth.
Tuesday, October 25, 2022
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