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Govt spending fuels second-worst inflation rate
Core inflation hit 3.6% in May, and the Reserve Bank of Australia kept rates on hold while warning price pressures remain elevated.
Summary by The West Australian
3 Articles
3 Articles
Australia has become one of the countries with exceptionally high international inflation. Economists believe that the Reserve Bank of Australia (RBA) has failed to take sufficient measures to control price pressures and has also failed to offset the inflationary impact of high spending by state and federal governments. Data platform Trading Economics shows that Australia's adjusted average inflation rate rose to 3.6% in May, and its core inflat…
·New York, United States
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Total News Sources3
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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