![](https://2c717466dc25cd7041c9-8eeda6a8ca964cf210ed223dbc947813.ssl.cf2.rackcdn.com/21284707-731793315-file-20240730-19-cj3zk1-100x49.png)
Australia’s 3.8% inflation rate is concerning, but not enough to trigger a rate rise
After falling for five consecutive quarters to less than half of its 7.8% peak, inflation climbed slightly in the June quarter, from 3.6% to 3.8% for the year to June. A rate of 3.8% is what the Reserve Bank had forecast. It is in line with market …