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Newcastle Herald
Newcastle Herald
Business
Georgina Sebar

Inflation eased in July, but home loan relief remains on the cards

Home owners may have been given some hope for mortgage relief next month after inflation eased again in July.

The consumer price index (CPI), which measures inflation in the Australian economy, rose 3.5 per cent in July, according to the latest figures released by the Australian Bureau of Statistics.

That is down from 3.8 per cent in June, but remains above the Reserve Bank of Australia's (RBA) target of between 2 and 3 per cent.

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