Australia's consumer inflation accelerates to 3.8% in October, beating estimates

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Australia's inflation accelerated in October, beating analysts' estimates and rising at its fastest pace in seven months, the Australian Bureau of Statistics said Wednesday. The consumer price index rose 3.8% in October, year on year, marking its fastest pace since adopting a new measure for headline inflation starting April, according to the official release . That was higher than economists' forecast for a 3.6% rise in a Reuters poll. The largest contributor to the elevated inflation was the

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