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Morning mail: grim UK milestone, Biden tackles race, cautious optimism for AFLW

Morning mail: grim UK milestone, Biden tackles race, cautious optimism for AFLW
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Inflation not likely to worry RBA just yet

People shopping and dining in Melbourne (file image) - AAP 1 of 1 5370537724001 Sharp increases in the cost of child care and tobacco were key drivers in a larger-than-expected rise in inflation in the final three months of 2020. But with annual inflation still an extremely benign 0.9 per cent, a rise in interest rates remains a long way off despite signs of the economic recovery strengthening. The Australian Bureau of Statistics consumer price index also rose by 0.9 per cent over the December quarter, slightly higher than the 0.7 per cent increase predicted by economists. It came as other figures showed business conditions growing to a two-year high in December, while consumer confidence recovered to a recent 14-month peak after overcoming recent jitters surrounding local COVID-19 lockdowns.

Exports showing steely resolve: Australia

Date Time Exports showing steely resolve: Australia The December goods trade surplus of $9 billion was a significant increase, up $7.4 billion from the November surplus, according to newly released data by the Australian Bureau of Statistics (ABS). “Imports have fallen following a November spike to be more in line with recent history”, said ABS Head of International Statistics, Katie Hutt, “while exports of metalliferous ores and cereals are the strongest in history, resulting in the fourth highest goods trade surplus on record”. The strong surplus is heavily influenced by trade with China. Imports from China fell $641 million (7 per cent) in December, while exports to China increased $2.3 billion (21 per cent). Australia’s goods trade surplus with China alone stands at $5.2 billion for December.

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