Australia's inflation rate decelerates in April

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Source: Forexfactory
Inflation rate in Australia slowed down in April thus increasing the likelihood of more accommodative measures of the Reserve Bank.  The inflation rate rose by 0.3% this month as compared to a 0.5% increase in March. The main contributors to the slowdown in the inflation rate were falling prices on footwear, clothing and travel. The Reserve Bank is expected to announce a cut of the interest rates after its meeting on Tuesday.
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