Australian CPI inflation rises by 1% in June quarter
Wednesday, 31 July 2024 ()
The Australian Bureau of Statistics reported a 1.0% increase in the consumer price index for the June quarter, aligning with predictions. The annual CPI inflation rate hit 3.8%. Core inflation rose 0.8%, falling below expectations. The Reserve Bank of Australia maintained interest rates at 4.35% due to concerns over the labor market and economic stagnation.
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