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Australia consumer mood undermined by rate risk, inflation

Australia consumer mood undermined by rate risk, inflation

A measure of Australian consumer sentiment slipped for a fifth straight month in April as rising inflation and the risk of higher interest rates weighed on family finances and spending intentions.

by Shared from Yahoo Finance | Apr 13, 2022

The Westpac-Melbourne Institute index of consumer sentiment released on Wednesday dipped 0.9% in April from March, when it slid 4.2%. The index was down 19.6% from April last year at 95.8, and almost back to where it was pre-pandemic.