Australia's Inflation Surges, Businesses Thrive
Update: 2025-11-26
Description
Australias inflation rate surges, reaching its fastest pace in seven months, with the consumer price index increasing by 3.8% over the past year. The housing sector was the main driver, seeing a significant increase of 5.9%. Despite expectations, the consumer price index remained flat in October. The Australian government is now adopting a monthly gauge as the main way to track headline inflation, providing more frequent insights into the economy. Meanwhile, business conditions in Australia improved in October, reaching their highest level since March, with companies reporting better sales and profits. This offers a mixed economic picture for Australia, with rising inflation impacting households while businesses show signs of strengthening.
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