Economic

Australia Economy: Australia Producer Prices Jump, Rate Risk Rises

“Australia’s producer prices jumped last quarter by the most since 2008 as the cost of utilities and building climbed, likely adding to policy maker’s concerns that strong economic growth heralds inflationary pressure ahead.

Prices at the final stage of production rose 1.3 percent in the third quarter, well above forecasts for a 0.5 percent increase and the sharpest rise since the third quarter of 2008.”

(Source: Australia Economy: Australia Producer Prices Jump, Rate Risk Rises – CNBC)

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