Economic Buzz: Australia's inflation outlook cools slightly in July

Australia?s consumer inflation expectations fell to 4.7% in July from June?s 5.0% peak, signaling reduced price pressure. Q1 inflation stayed at 2.4% for the third quarter, while core CPI eased to 2.9%, just above the RBA?s midpoint target. With May CPI rising only 2.1%, the RBA remains cautious, awaiting clearer signs before acting.

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