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Australian CPI inflation rises by 1% in June quarter
The Australian Bureau of Statistics reported a 1.0% increase in the consumer price index for the June quarter, aligning with predictions. The annual CPI inflation rate hit 3.8%. Core inflation rose 0.8%, falling below expectations. The Reserve Bank of Australia maintained interest rates at 4.35% due to concerns over the labor market and economic stagnation.
The Australian Bureau of Statistics reported a 1.0% increase in the consumer price index for the June quarter, aligning with predictions. The annual CPI inflation rate hit 3.8%. Core inflation rose 0.8%, falling below expectations. The Reserve Bank of Australia maintained interest rates at 4.35% due to concerns over the labor market and economic stagnation. 
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