Consumer inflation steady at 4.5% in June
It was slightly higher than expected in June, unchanged from May, but remained at the midpoint of the Reserve Bank’s 3%-6% target range
24 July 2019 - 10:35
Inflation remained unchanged at 4.5% in June compared with May, only a slight disappointment amid the hope that the Reserve Bank will deliver a second interest-rate cut in the coming months.
Measured by the annual change in the consumer price index (CPI), inflation’s print at 4.5% is at the midpoint of the Bank’s 3%-6% target band. Economists polled by Bloomberg expected inflation to moderate slightly to 4.4%...
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