CPI inflation rose 1.3% quarter-on-quarter in Q3, more than expectations of 1.1%, and picked up from 0.7% in the previous quarter, data from the Australian Bureau of Statistics showed on Wednesday.
Stockhead on MSN
Lunch Wrap: ASX ruffled by hot CPI surprise, CSL dumps again
The ASX was cruising early before a hotter-than-expected CPI smacked the rally. Meanwhile CSL was bruised again, but Boss ...
HotCopper on MSNOpinion
Race winners yes, rate cuts no: Zero chance Melbourne Cup day brings RBA trim after this CPI print
You may well back the Melbourne Cup winner, but that’s probably the best it’s going to get next Tuesday, with today’s ...
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