The Australian Bureau of Statistics reported wage growth while noting that the Iran war is impacting food prices.
1 report, 1 independent
Updated Aug 30
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What happened
The Australian Bureau of Statistics reported wage growth while noting that the Iran war is impacting food prices.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Guardian Australia published pricing data on Woolworths, which cited inflation driven by the war on Iran.Sub-event
ABS data shows wage growth while Iran war drives up food prices.1 source
Keep exploring
Part of
The conflict is impacting global travel and commodity prices, leading to job market data informing central bank policy decisions.Also in this story
- Renewed hostilities in the Middle East are driving up oil prices in Australia, prompting the RBA to consider interest rate hikes based on labor market reports.
- The Middle East conflict is driving up prices and reducing consumer spending, while labor market trends are influencing Federal Reserve policy.
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.
- The Reserve Bank of Australia and the European Central Bank are facing global economic pressures. Data released on May 27 showed that CPI rose 0.4% in April.