Inflation falls less than expected, rates to stay higher for longer

Reserve Bank News

Inflation falls less than expected, rates to stay higher for longer
Commonwealth Rental AssistanceJim ChalmersRents
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Independent economist Warren Hogan has warned the lack of progress in bringing down inflation is 'worrying' for households and the Reserve Bank, after prices remained higher than forecast for the month of July.

Inflation falls to 3.5 per cent, but remains 'worrying' for economists as interest rates appear set to stay higher for longer

Annual trimmed mean inflation, which the RBA uses as its preferred measure of prices, eased from 4.1 per cent to 3.8. "We knew that the subsidies, the electricity rebates, would be kicking in and they have," he explained. Independent economist Warren Hogan has warned the lack of progress in bringing down inflation is"worrying" for households and the Reserve Bank, after prices remained higher than forecast for the month of July. Picture: Supplied

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Commonwealth Rental Assistance Jim Chalmers Rents Michele Bullock Electricity Prices RBA ABS Cost Of Living Inflation Australian Bureau Of Statistics Albanese Government Warren Hogan Interest Rates

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