Inflation up to 3.8% as price pressures rise and hopes for interest rate cuts fall | Australian economy

Inflation up to 3.8% as price pressures rise and hopes for interest rate cuts fall | Australian economy

Inflation has climbed to 3.8% in the year to October, from 3.6% the month before, as Jim Chalmers flagged he could announce further energy bill subsidies for households in the upcoming midyear budget.

Electricity prices were 37% higher in the year…

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