Australian inflation rate unchanged in May

Note: This section contains information in English only.
Source: Marketwatch
Australian inflation rate was flat in May, indicating that further cuts of the interest rates by the Reserve Bank of Australia are possible. The inflation gauge measured by the TD Securities-Melbourne Institute remained unchanged at 131.54 in May, after surging by 0.3% in the preceding month. Considering yearly moves, the inflation gauge gained 1.8% in May, being lower than the central bank's target of 2-3%.

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Mon, 04 Jun 2012 08:17:18 GMT

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