US EditionAustralia's Inflation Has Fallen to a Three-Year Low, and the Market Expects an Interest Rate Cut in August.
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According to the Australian Bureau of Statistics, the quarterly inflation rate was 0.7%, lower than the previous quarter's 0.9% and the forecast of 0.8%. The main price increases in the second quarter came from housing, food and non-alcoholic beverages, and healthcare, but falling transportation costs offset some of the inflation. Reserve Bank President Anthony Bullock recently stated that the decline in inflation is related to short-term cost-o…
·Melbourne, Australia
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