
Australian inflation rises 3.5% in July

Australian consumer prices rose more than expected in July as fuel and travel costs increased, while underlying inflation also exceeded forecasts, adding to the risk of another interest-rate hike. Data from the Australian Bureau of Statistics (ABS) showed the annual Consumer Price Index (CPI) eased to 3.5% from 3.8% in June, but remained above market expectations for a slowdown to 3.3%. Mont














