Friday, August 28, 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:
Bank of China and AgBank report marginal earnings growth (1 hr 20 mins ago)
UK reports 0.7pc second quarter growth (2 hrs 14 mins ago)
Shanghai stocks rally 4.8pc at close, Hang Seng gives up gains (08-28 16:25)
Dow leaps 200 points at open (08-27 22:34)
US reports broad-based 3.7pc growth sparked by consumer spending and business investment (08-27 22:05)
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Sing Tao media operations hold ground against competitors (08-27 18:21)
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(Market turmoil) European benchmarks recover (08-27 17:49)

More breaking news >>

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