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Inflation forecast to fall back into RBA’s target

October 24, 2024 - 13:00 -- Admin

CBA senior economist Stephen Wu has released a preview of next week’s Q3 CPI inflation release from the Reserve Bank of Australia (RBA). CBA expects that headline CPI rose by 0.3% over Q3 to be 2.9% higher year-on-year, driven by lower electricity prices (-16%) via rebates and fuel declines (-6%). More importantly, CBA forecasts a

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