Australia monthly inflation picks up in August but core measure cools


— Bloomberg

SYDNEY: Australian consumer prices rose in August at the fastest annual pace in a year, but a key measure of core inflation eased, keeping the door open to a further cut in interest rates.

The Australian dollar inched up 0.2% to $0.6611 while three-year government bond futures slipped 3 ticks to 96.51.

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Australia , currency , dollar , inflation , CPI

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