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Stella Huangfu, Associate Professor, School of Economics, University of Sydney

Australian inflation has eased a little. An August interest rate rise now looks unlikely

Inflation RBA Australia Oil The Reserve Bank of Australia Michele Bullock

Today’s inflation figures showed inflation pressures have eased, just a day after the Reserve Bank of Australia (RBA) warned inflation was still too high.

The Australian Bureau of Statistics reported the consumer price index (CPI) rose 3.8% in the year to June, down from 4.0% in the year to May. The RBA’s preferred measure of underlying inflation, the trimmed mean, was steady at 3.6%.

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