Australian Spending Surge Fuels Inflation Concerns
Update: 2025-12-11
Description
Australian households are splurging on entertainment, driving up spending by 5.5% yearly, according to Commonwealth Bank. This surge in discretionary spending, such as concert tickets and movie outings, is fueling inflation concerns at the Reserve Bank. With consumer demand strong and business investment recovering, the economy is operating near capacity. Reserve Bank Governor Michele Bullock hinted at a potential rate hike in February, depending on inflation and jobs data. The next key indicators are the labor force update in late January and inflation figures for the December quarter, which will significantly impact the RBAs interest rate decision.
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