Mumbai, Sept. 11 -- Consumer inflation expectations in Australia jumped to 4.7% in September from August's five-month low of 3.9%, driven by strong domestic demand and resilient household consumption. The Reserve Bank of Australia's recent 25 bps rate cut to 3.6% aimed to bolster growth but added to inflation concerns. July's CPI posted a sharp 2.8% year-on-year rise, marking the fastest pace in a year, despite Q2 headline inflation easing to 2.1%, its lowest since early 2021.
Published by HT Digital Content Services with permission from Capital Market....