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Country Focus

Australia: Inflation Stays Hot As Stagflation Risks Persist

by Gabriel Gosselin, Research Associate  

Australian CPI remains hot, but growth risks will limit further RBA tightening. April headline inflation decelerated more than expected to 4.2% y/y (0.4% m/m) from 4.6% (1.1%), partly reflecting a government fuel tax cut. The trimmed mean ticked up to 3.4%…

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