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Australia's June-quarter CPI rose 0.6%, above the 0.5% forecast, lifting the annual rate to 1.6%. Core inflation remained below the RBA target band, and food prices fell as drought effects were still limited but being watched.
Persistently low inflation supports further RBA easing and a softer Aussie, while drought pressure on food prices is an emerging risk to Australian agricultural supply.
apartments.com.auJul 31, 2019Not 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.
