RBA minutes: inflation hits new low
Minutes from the Reserve Bank of Australia's meeting on 3 August, published on Tuesday, showed inflation fell below 3% for the first time in three years.
The minutes showed that although headline consumer price inflation ended the month a little higher- at 3.1% for the year ending June- underlying inflation fell to 2.75% for the year. If not for the effect of the rise in tobacco tax earlier in the year, headline inflation would have remained below 3%, the central bank's rate-setters said,
The
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