Inflation eases less than expected, making another interest rate hike more likely
Rudi Suardi/Getty Images Easing inflation may give mortgage holders a reprieve on further repayment increases for now – but maybe not for long. The consumer price index (CPI) rose 3.5% in the year to July, down from 3.8% in the year to June. But that was a smaller fall than had been predicted. The Reserve Bank of Australia’s preferred measure of underlying inflation, the trimmed mean, was unchanged at 3.6%. (The trimmed mean is the average rate of inflation after “trimming” away the items with…
Where: Australia, Iran, Ukraine, Russia
Exact coordinates
australia: -25.270, 133.780
iran: 32.430, 53.690
ukraine: 48.380, 31.170
russia: 61.520, 105.320
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