Country Focus
Australia: Inflation Stays Hot As Stagflation Risks Persist
Australian CPI remains hot, but growth risks will limit further RBA tightening. April headline inflation decelerated more than expected to 4.2% y/y (0.4% m/m) from 4.6% (1.1%), partly reflecting a government fuel tax cut. The trimmed mean ticked up to 3.4%…
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