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  • Money Magazine

    We’re deflated by inflation

    May 31, 2023 2 minutes

    OUTLOOK

    Australia’s rolling 12-month inflation rate - measured by the Consumer Price Index and climbing slightly from 6.8% for the year-to-end February, up to 7% for the year-to-end March 2023 - seemed to spook the Reserve Bank into again lifting the official interest rate by 0.25 percentage points in May to 3.85%.

    Despite Australia’s cash rate climbing again, we should spare a thought for people in the US,

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