Australian Treasurer Chalmers says there is a long way to go to beat inflation

<p>Australian Treasurer Chalmers speaking after the CPI data published earlier today:</p><ul><li><a href="https://www.forexlive.com/news/australian-q2-headline-cpi-08-qq-vs-10-expected-20230726/" target="_blank" rel="follow" data-article-link="true">Australian Q2 Headline CPI 0.8% q/q (vs. 1.0% expected)</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/audusd-marked-lower-after-better-than-expected-with-a-caveat-inflation-data-20230726/" target="_blank" rel="follow" data-article-link="true">AUD/USD marked lower after better than expected (with a caveat) inflation data</a></li></ul><p><a href="https://www.forexlive.com/centralbank/aud-decline-in-inflation-should-be-enough-to-keep-the-rba-on-hold-at-their-next-meeting-20230726/" target="_self" rel="follow">AUD – decline in inflation should be enough to keep the RBA on hold at their next meeting</a></p><p>Chalmers:</p><ul><li>says there is a long way to go to beat inflation</li><li>inflation is moving in the right direction</li></ul><p>AUD/USD update, clawing back some of the earlier loss:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.