Australia inflation rises to 4.3%
Australia's inflation rate rose to 4.3%. The Reserve Bank decides next week, and a fifth hike this year is feared.
Why it matters
Higher rates raise mortgage costs.
Background
Fuel costs linked to the Middle East conflict add to prices.
The story so far
- Australia inflation rises to 4.3%
- Australia's central bank expected to raise rates Tuesday
- Reserve Bank of Australia raises rates to 4.85%
- Australia's central bank raises rate to 4.85%
Sources
- The Guardian ↗Oct 27, 9:03 PM ET
- The Guardian ↗Oct 27, 9:11 PM ET
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