Interest rate hikes remain on cards as underlying inflation climbs, economists warn

AI Summary

Despite plunging fuel prices, trimmed mean inflation increased from an annual pace of 3.4% to 3.6% Australia’s inflation challenge is far from over and more Reserve Bank rate hikes remain on the cards, economists warn, even after a plunging petrol costs drove an unexpected fall in consumer price growth in the year to May. Newsiline summarises this report from The Guardian Australia and links readers to the original publisher for the full story.

Key Points

• Original report published by The Guardian Australia.
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• Readers are directed to the publisher for the complete article.

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