Australia's inflation rate soared to 4.09% in the first quarter from a year ago, marking its highest level in more than two years. The first-quarter inflation figure was lower than the 4.2% expected by economists polled by Reuters, but it still raises the prospects of an interest rate hike by the Reserve Bank of Australia. On a quarterly basis, inflation rose 1.4% from the preceding period. In March alone, the inflation rate climbed to 4.6%, driven mostly by price rises in housing, transport

Tag-uri: Inflatie