-
Inflation eases to 4.9pc ahead of RBA’s September rates call
Households are almost certain to be spared from another rate rise when the Reserve Bank meets next week, after inflation eased amid falling consumer demand. The latest consumer price index figures, released by the Australian Bureau of Statistics, which showed annual inflation eased to 4.9 per cent in July, down from 5.4 per cent in June, will be welcome news to borrowers who are struggling to keep up with repayments after stomaching 12 rate rises since last May. The result undershot market expectations which had anticipated price pressures would be more stubborn and decelerate to 5.2 per cent. But underlying price ... (full story)