Tuesday, 30 July 2024

Australia’s inflation rise could light the fuse on an early election

The government’s popularity may pivot on Wednesday’s CPI figures and a pre-Christmas poll would be a prospect if it viewed the RBA’s job was done

The fortunes of Australia’s economy – and political polling of the Albanese government – may well hinge on the strength of Wednesday’s inflation numbers.

Economists expect headline consumer prices in the June quarter will land at an annual rate of 3.8%, accelerating from 3.6% in the prior three months. Core inflation – known as the trimmed mean – will be steady at 4%, a Bloomberg survey found.

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from World news | The Guardian https://ift.tt/cVXwfdC

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Taiwan president's Hawaii trip draws Chinese anger

Lai Ching-te's trip to the US state is being billed as a stopover, but has been condemned by Beijing. from BBC News https://ift.tt/Sik...