Australia Returns to Inflation as Lockdown Free Child Care Ends

Australia’s consumers prices rose slightly faster than forecast in the three months through September, reflecting a rebound in childcare and fuel prices, but still well-short of the central bank’s goal. The annual consumer price index rose 0.7% from the second quarter, compared with economists estimates of a 0.6% gain, data from the Australian Bureau of Statistics showed Wednesday. Quarterly CPI jumped 1.6%, rebounding from a negative result three months earlier. The trimmed-mean gauge, a key core measure, gained 0.4% from the second quarter for an annual increase of 1.2%, compared with forecast gains of 0.3% and … (full story)

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