Australia spending holds firm as inflation jumps and job ads fall

The data reinforce a stagflationary tilt, firm demand alongside rising inflation. This keeps the RBA in a tightening bias, supporting yields and the AUD near-term, but with downside risks if labour weakness broadens. Australia data show resilient spending but rising inflation and softer labour demand.Summary:Household spending +0.3% m/m in Feb, ahead of expectations Annual spending growth steady at… Australia data show resilient spending but rising inflation and softer labour demand. . Summary: . Household spending +0.3% m/m in Feb, ahead of expectations Annual spending growth steady at 4. Australia data show resilient spending but rising inflation and softer labour demand. Summary: Household spending +0.3% m/m in Feb, ahead of expectations Annual spending growth steady at 4.6% Services spending strong, goods modest Data predates energy-driven inflation shock TD-MI inflation gauge surges 1.3% m/m in March Signals renewed inflation pressures, likely fuel-driven Job ads fall 3.1% m/m, reversing prior gain Labour demand softening, especially in consumer sectors Australian household spending… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.