Australian inflation hits a post-1990 peak
Publishing timestamp: 2023-01-25 00:13:55
Summary
Inflation in Australia rose to a 32-year high of 7.8% in the final quarter of 2022, driven by higher prices in food, automotive fuel, and new residential construction. Stocks of banks listed in Australia erased earlier gains following the release of the report, and the Australian dollar rose 0.51%. A survey by the National Australia Bank showed worsened business conditions for December, but business confidence rose by 3 points.
Sentiment: NEUTRAL
Tickers: NAB-AU, AUD=, CBA-AU, WBC-AU,
Keywords: national australia bank ltd, australia, australian dollar/us dollar fx spot rate, central banking, westpac banking corp, commonwealth bank of australia, business news, asia economy, world economy, economic events,
Source: https://www.cnbc.com/2023/01/25/australian-inflation-hits-a-post-1990-peak.html