Australia’s consumer price index rose in the June quarter in line with economists’ forecastsFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s mortgage holders have another nervous wait ahead of them as the country’s inflation rate accelerated in the June quarter but a core measure eased, giving hope the Reserve Bank (RBA) will hold off hiking its interest rate again.The consumer price index rose to 3.8% in the June quarter from a year earlier, the Australian Bureau of Statistics said on Wednesday. That result was consistent with economists’ forecast of 3.8% and was up slightly on the March quarter rate of 3.6%. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/jul/31/inflation-rises-to-38-amid-hopes-the-rba-will-hold-off-hiking-interest-rates-again
Author : Peter Hannam Economics correspondent
Publish date : 2024-07-31 02:49:27
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