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China’s producer price inflation accelerated more than expected in October, driven by elevated energy costs, while consumer inflation softened as domestic demand continued to struggle. PPI rose from 5.0% yoy to 5.7%, exceeding market expectations Read more…
RBA Assistant Governor (Economic) Sarah Hunter warned that the rapid expansion of artificial intelligence could put upward pressure on inflation and interest rates before its promised productivity benefits materialize. Speaking at the UBS Australasia Conference Read more…