Inflation data articles
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Firm inflation data underscores budget balancing act
An already-fraught economic backdrop for the Albanese government’s third federal budget has been complicated by hotter-than-expected inflation data. Consumers were slugged with price hikes for hard-to-avoid expenses such as rents, education fees, insurance and medical bills in the first three months of the year, latest data from the Australian Bureau of Statistics shows. On a […]
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Australia News Today: Global Economy Warning, Inflation Data in Focus
Good morning and welcome back, it’s Ainsley here with all the news you need to start the working week.Today’s must-reads:• Global economic growth forecasts in focus• CPI data projected to show inflation slowing• US House approves aid for Ukraine, Israel, Taiwan
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All the data so far is showing inflation isn't going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their meeting next week is in, and none of it is very good.