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AAP

Jacob Shteyman

Egg, housing costs might fry hopes of earlier rate cut

Inflation RBA Luci Ellis Reserve Bank the Reserve Bank Australia Donald Trump Joel Carrett Michele Bullock Unemployment

Outsized moves in egg prices will be smoothed out by the Reserve Bank's preferred inflation measure. (Dave Hunt/AAP PHOTOS)

A jump in the cost of building and renovating homes is not helping the case for more rate cuts.

Headline inflation remained steady at 2.4 per cent in the 12 months to April, the Australian Bureau of Statistics reported on Wednesday.

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