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Annual inflation for June quarter sees spike
Annual inflation for the June 2021 quarter has increased but a chief economist says the figures should not be surprising.
The latest ABS CPI for June showed that inflation increased to 3.8 per cent following a rise of 1.1 per cent in the March quarter however CreditorWatch’s Harley Dale said that, given Australia was in recession this time last year and experienced deflation of -1.9 percent, it is no cause for concern.
Read more at Investor Daily.
