Inflation surprised in October by ticking up to 7.6%, strengthening the argument for hikes by the Reserve Bank
This week concludes economic data releases for the year ahead of the Christmas break. Squarely in focus is the consumer price index due on Wednesday and the quarter three employment statistics due on Thursday.
Annual consumer inflation surprised in October, ticking up to 7.6% in October from 7.5% the previous month, and above market expectations of 7.4%. The higher reading strengthened the argument for hikes by the Reserve Bank...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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