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Business

Jacob Shteyman

Inflation gauge to offer cold comfort for borrowers

Inflation the Reserve Bank RBA Ryan Felsman

An indicator of prices in May offers the RBA a glimpse of how interest rates are taming inflation. (Dean Lewins/AAP PHOTOS)

Inflation is expected to make another move in the wrong direction, as far as the Reserve Bank is concerned, with an interest rate hike still on the cards.

The Australian Bureau of Statistics is on Wednesday expected to reveal the consumer price index edged up in May on an annual basis.

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