Breaking: Australia’s CPI inflation declines to 0.8% in Q2 vs. 1.0% expected

According to the latest data published by the Australian Bureau of Statistics (ABS) on Wednesday, the country’s Consumer Price Index (CPI) rose 0.8% in the second quarter of 2023, compared with the 1.4% increase seen in the first quarter. The market consensus was for a growth of 1.0% in the reported period.

AUD/USD slumps toward 0.6700 on soft inflation data.

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