Australia’s Inflation Falls To 2.7% As Government Subsidies Ease Cost Pressures
Government subsidies on electricity bills and cheaper petrol have led to a cooling down of Australia’s consumer price inflation to a three-year low. Inflation decreased to 2.7% in August from 3.5% in July, the Australian Bureau of Statistics revealed on Wednesday. Bond prices were mostly unchanged, and the Australian dollar stayed stable at $0.6891. Market … Read more
