Inflation rises to 3.8% amid hopes the RBA will hold off hiking interest rates again
by Peter Hannam Economics correspondent from World news | The Guardian on (#6PM2Y)
Australia's consumer price index rose in the June quarter in line with economists' forecasts
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Australia'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%.
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