Australia: July Monthly Inflation Softer Than Market Expectations

<p>The July Monthly Indicator rose just 4.9%yr (0.3%mth) softer than market expectations but was clost to our 4.8%yr (0.2%mth) forecast. As it is close to our forecast it is unlikely to see us meaningfully revise our Q3 CPI forecast of 1.0%qtr. The Monthly CPI Indicator printed 0.3%mth/4.9%yr, very close to Westpac’s 0.2%mth/4.8%yr forecast but quite […]</p>
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