Australia's inflation accelerated in November on higher housing and food prices and retail sales posted its biggest growth in ten months, official data revealed Wednesday.
The monthly consumer price index indicator advanced to 7.3 percent in November from 6.9 percent in October, the Australian Bureau of Statistics reported.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.