Mumbai, Aug. 11 -- Reserve Bank of Australia stated in its monetary policy today that higher energy prices have raised headline consumer and producer price inflation in most economies, although the effects have varied across countries, largely reflecting differences in policy responses (such as price controls, subsidies and tax cuts) and the domestic energy mix. Headline producer prices have generally responded more rapidly and by significantly more than consumer prices so far. While consumer and producer price inflation moderated in June in some economies - such as the United States and the United Kingdom - as fuel prices eased, inflation is likely to rise again given recent movements in oil prices.
Strong demand growth, particularly for ...