“Upside risk” for inflation, cash rate; August retail sales up 0.6%

Summary: Retail sales up 0.6% in August, greater than expected; “upside risk” for inflation, the peak cash rate; still averaging solid pace per month despite RBA rate rises; higher retail prices likely concealing “more pronounced softening” in volumes; largest influence on month from household goods sales. Growth figures of domestic retail sales spent most of the 2010s at levels below the post-1992 average. While economic conditions had been generally favourable,...

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