Australian Inflation Rises to 4.6% Amid Iran War Fuel Shock

Australia's inflation rate jumped to 4.6% in March, up from 3.7% the previous month, with financial markets anticipating a third consecutive interest rate hike by the Reserve Bank due to the impact of the Iran war on fuel prices.

29 Apr, 01:32 — 29 Apr, 01:32

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The GuardianMostly Factual66d ago

Inflation jumps to 4.6% in Australia as Iran war fuel shock begins to bite

Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday •Get our breaking news email, free app or daily news podcast Inflation jumped to 4.6% in the year to March, from 3.7% the month before, in what experts say is the start of an Iran war-linked fuel shock that will ripple through the economy over coming months. Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday, as offici...

By Patrick Commins Economics editor

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Australian Inflation Rises to 4.6% Amid Iran War Fuel Shock

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Inflation jumps to 4.6% in Australia as Iran war fuel shock begins to bite

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