Fears of an interest rate hike tempered with latest data
INFLATION levels have fallen below four per cent for the first time since the outbreak of the Iran war. The latest inflation data from the Australian Bureau of Statistics showed headline inflation falling from four per cent to 3.8 per cent in June. It is the fourth monthly decrease in a row. Trimmed mean inflation, the preferred measure by the Reserve Bank, remained steady at 3.6 per cent. ABS head of price statistics Rachel McCrick said the fall in inflation coincided with transport costs moderating for the month. “Lower world oil prices as a result of some stabilisation in