Inflation hits 3.8 per cent for June quarter, as Aussies wait anxiously for RBA rates call

The chance of an interest rate hike next week is less likely following the latest inflation data which has made it easier for the Reserve Bank to keep the cash rate on hold.

But a cut in the rate will have to wait until next year at least and with one economist saying it “is some distance away”.

The consumer price index (CPI) rose by 1 per cent in the second quarter of 2024, bringing annual headline inflation to 3.8 per cent, above the March quarter figure of 3.6 per cent.

To read news in detail: https://www.news.com.au/finance/economy/australian-economy/inflation-hits-38-per-cent-for-june-quarter-as-aussies-wait-anxiously-for-rba-rates-call/news-story/db8497c4d58c1297d1c617d63d6eb1ae