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Australia's consumer price inflation slowed to 3.5% in the year to July from 3.8% in June, according to the Australian Bureau of Statistics. The drop was driven by a 5% annual fall in electricity prices after government energy bill rebates.
Lower headline inflation reflects energy subsidies rather than weaker demand, so it has little direct effect on feed or grain prices.
theguardian.comLuca IttimaniAug 28, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
