- The Australian Bureau of Statistics released official data on the national economy, monitoring CPI and inflation rates, which impacts global oil prices and market stability in the Middle East.
- CPI data forces major rethink on rate hikes due to conflict impacts on prices and inflation rates.
Inflation woes are spreading across sectors as the conflict curbed oil flow through the Red Sea region, hitting downstream fuel prices.
1 report, 1 independent
Updated Sep 1
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What happened
Inflation woes are spreading across sectors as the conflict curbed oil flow through the Red Sea region, hitting downstream fuel prices.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Australian Bureau of Statistics
federal statistics and census agency of the Australian Government
- The Reserve Bank of Australia is managing monetary policy while assessing how geopolitical risks in the Middle East, including conflict status and oil flow, affect the outlook for inflation and the potential benefits of a peace deal.
- Chris Minns warned of the massive impact of rate rises, citing ABS data showing inflation affecting the Illawarra region.
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Red Sea
state in Sudan
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Amazon
American multinational technology company