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Australia inflation slows to 3-1/2 year low, but sticky core to push RBA cut to 2025
Australia’s inflation rate has slowed to 2.8% in three years, but this has reduced prospects for a rate cut in 2024, according to Moomoo’s market analyst Jessica Amir.
Underlying inflation remains above the target at 3.5%, indicating persistent price pressures, as noted by Jessica Amir.
Headline inflation decreased due to government energy rebates and lower petrol prices, but core inflation measured by the trimmed mean stays high, according to Jessica Amir.