Australia's inflation rate reached 2.3%, influenced by rising food prices, while electricity and fuel costs dropped.
Australia's inflation rate rose to 2.3% in November, slightly above expectations, driven by higher food and beverage prices, while electricity and fuel costs declined due to government subsidies. The trimmed mean measure of underlying inflation fell to 3.2%. Despite staying within the Reserve Bank of Australia's 2-3% target range, the central bank remains cautious about cutting interest rates.
2 months ago
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