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The Guardian - AU
The Guardian - AU
National
Peter Hannam Economics correspondent

There’s a huge amount riding on the latest inflation figures. Here’s why

RBA ABS Inflation Michele Bullock Interest Rates Economy The Commonwealth Bank
Woman shopping in supermarket carrying basket
The RBA wants inflation back within a 2-3% target range by the end of 2025. The Commonwealth Bank predicts volatile food and vegetable prices may increase as much as 7% for the June quarter. Photograph: Jacobs Stock Photography Ltd/Getty Images

Perhaps the most important data release in more than two years will land on Wednesday, with the Australian Bureau of Statistics releasing the June quarter inflation figures.

Here’s why the consumer price index (CPI) and other inflation numbers are being more closely watched since the Reserve Bank of Australia started hoisting interest rates in May 2022 and what the results might mean.

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