Aussie inflation eases despite market consensus of coming interest rate hikes


  • Business
  • Wednesday, 22 Oct 2003

CANBERRA, Australia (AP) - Inflation eased slightly in the three months to the end of September from the previous quarter, placing it almost in the middle of the central bank's preferred target range, according to official data released Wednesday. 

The Australian Bureau of Statistics said prices rose 0.6 percent in the September quarter from the previous three months, giving an annual inflation rate of 2.6 percent. 

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