Inflation markers higher than ABS suggests, US markets close higher | Finance Report | ABC NEWS
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Inflation markers from the Melbourne Institute suggest the inflation rate is 4.8% rather than 4% as the ABS suggested. Meanwhile, US markets finished on a high note. The ASX had a quiet session, with commodity prices fluctuating and the Australian dollar soaring to its highest level in 13 years against the New Zealand dollar. Warning signs about loan repayments are growing as more borrowers choose to pay only the interest rather than reduce the principal on their home loans. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-10-05/asx-markets-business-live-news/107227606 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, inflation, Melbourne Institute, cost of living, US markets, Finance Report, dan ziffer, ABS, ASX, commodity prices, Australian dollar, New Zealand dollar, loan repayments, housing market
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