Australia’s June quarter inflation rate fell to 6%, ABS reports

9 months ago 35

Fall was more than expected by economists, increasing likelihood the Reserve Bank will extend its interest rate pause next week

Australia’s inflation rate fell more than expected in the June quarter, increasing the likelihood the Reserve Bank will extend its interest rate pause next week.

The headline consumer price index for the April-June period was 6% higher than a year earlier, the Australian Bureau of Statistics said on Wednesday.

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