Aussie inflation at 3.8% gives no clear message to RBA on rates
The Australian dollar fell on the inflation data, suggesting the market is discounting chances of a rate rise next week.
Services inflation is outpacing goods inflation in Australia.
Australia’s CPI inflation has come in as forecast at 3.8% for the second quarter, providing conflicting evidence for the chances of an interest rate hike by the Reserve Bank of Australia at next week’s meeting.
The 3.8% CPI was higher than 3.6% for the last quarter, but inflation held steady
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