Mumbai, April 7 -- Australia's Monthly Inflation Gauge jumped 1.3% in March, reversing February's decline and marking its strongest rise on record, signaling a fresh wave of price pressures. The surge was largely driven by higher fuel and transport costs, alongside ongoing supply-side constraints, while geopolitical tensions have further lifted global energy prices, raising imported inflation risks. Despite earlier signs of easing, annual inflation remained elevated at 3.7% in February, still above the central bank's target range, highlighting that inflationary pressures remain persistent and slow to fade.
Published by HT Digital Content Services with permission from Capital Market....