Australia’s inflation surprise: Will the RBA hold rates again?

Inflation figures surprise as price pressures stabilise, easing interest rate rise fears ahead of RBA’s August meeting

Australia’s latest inflation figures have delivered an unexpected surprise, with price pressures remaining relatively stable despite higher travel and construction costs.

The softer-than-expected result has eased expectations of another interest rate rise ahead of the Reserve Bank of Australia’s August meeting.

The data raises fresh questions about the economy, from the impact of falling fuel prices and global geopolitical tensions to whether rising travel costs can continue.

It also puts the spotlight on unemployment, wages, and what could happen if inflation unexpectedly rebounds.

Matt Grudnoff from the Australia Institute joins Ticker to unpack what the latest inflation numbers mean for households, businesses, financial markets and the RBA’s next move.

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