International Student Surge Probably Contributed to Post-Pandemic Inflation: RBA

International students have not driven rents and inflation higher, RBA says

An RBA paper suggests the rapid growth in foreign students post-pandemic did not play a big role in pushing rents higher.

Real reasons for sky-high rental prices revealed

A surge in international students coming to Australia following the pandemic border closures contributed to rising rents, but...

International student surge probably contributed to post-pandemic inflation: RBA

International students spend twice as much as Australian residents and work fewer hours on average, but they were just one of many factors that fuelled inflation.

Foreign students spend big but also push up rents: RBA

The central bank has attributed some of the inflation surge after the pandemic to international students – but says the full picture is more complicated.

RBA Finds Foreign Students Add to Australia’s Housing Demand

International students in Australia exert more pressure on demand in the economy, including in the housing market, rather than adding to supply, according to a new Reserve Bank analysis.

Australia PMI composite surges to 53.6, but inflation concerns linger - Action Forex

Australia’s private sector expanded more strongly in July, with the S&P Global Composite PMI rising from 51.6 to 53.6. Services led the way with a sharp rise from 51.8 to 53.8. Manufacturing returned to firmer growth at 51.6, up from 50.6. S&P Global noted that business activity growth “hastened” at the start of Q3, supported […] The post Australia PMI composite surges to 53.6, but inflation concerns linger appeared first on Action Forex.