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Institution: Inflationary pressures are still building up in Australia

Institution: Inflationary pressures are still building up in Australia

老虎证券老虎证券2026/05/27 04:50
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Although the 4.2% year-on-year inflation rate was lower than their expected 4.8%, the bank’s economists saw clearer evidence that businesses are starting to pass on upstream costs. They stated that residential construction is the most obvious example of this, but warned that categories such as takeaway food and dining in restaurants continue to show above-target inflation, which is consistent with the buildup of so-called cost pass-through. Ultimately, they believe that the overall inflation being lower than expected is a reassuring surprise, but it will not change anyone’s view of the macro situation.
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