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Headline inflation steady at 2.4pc in April while RBA’s preferred measure edges up, but odds still on July cut

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Consumer prices rose 2.4 per cent for the year to April, according to the Australian Bureau of Statistics, leaving the inflation rate unchanged last month.

It is the third month in a row that headline inflation has been steady. The market had expected a slight easing of inflation in April, to 2.3…



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