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Aussie inflation at 3.8% gives no clear message to RBA on rates

The Australian dollar fell on the inflation data, suggesting the market is discounting chances of a rate rise next week.

Services inflation is outpacing goods inflation in Australia.

Australia’s CPI inflation has come in as forecast at 3.8% for the second quarter, providing conflicting evidence for the chances of an interest rate hike by the Reserve Bank of Australia at next week’s meeting.

The 3.8% CPI was higher than 3.6% for the last quarter, but inflation held steady

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Lachlan Colquhoun Wed, 31 Jul 2024
Contact the Writer: lachlan@nbr.co.nz
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Aussie inflation at 3.8% gives no clear message to RBA on rates
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