Breaking: Underlying inflation hits highest level since 2024
Underlying inflation in Australia reached its highest level since 2024, hitting 3.6 percent in May, up from 3.4 percent in April. Headline inflation decreased to an annual rate of 4 percent, down from 4.2 percent. The Reserve Bank warns that inflation may rise further due to the ongoing global energy shock.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 24 Jun 2026, 01:51 UTC · Updated 24 Jun 2026, 02:00 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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