Friday, March 27, 2015   

Australia inflation rises
(01-22 11:46)

Inflation in Australia was a stronger-than-expected 0.8 percent in October-December from the previous quarter, official figures show.
Economists had anticipated a quarterly rise in the consumer price index, a key measure of inflation, of about 0.5 percent after it hit 1.2 percent in the previous three months.
The Australian Bureau of Statistics said today the CPI increased by 2.7 percent year on year, from 2.2 percent in July-September.
The annual rate is towards the top of the central Reserve Bank of Australia's preferred range of 2-3 percent, and analysts said it could deter a further cut in the official cash rate, now at an historic low.
“I think it puts a lid on further RBA cuts,'' said Invast chief market analyst Peter Esho.--AFP

   
Other Business breaking news:
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Oil prices fall in Asia trade (03-27 13:23)
Yen weakens (03-27 12:34)
Hang Seng flat at mid-day (03-27 12:29)
China industries still in the red (03-27 12:07)
Yahoo okays additional US$2 billion share buybacks (03-27 11:17)
Nikkei gains by break (03-27 10:51)
Japan inflation stalls, household spending tumbles (03-27 10:25)
Hang Seng, Shanghai positive (03-27 10:19)
PetroChina profit falls to lowest in five years (03-26 18:31)

More breaking news >>

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