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flag Australian inflation expectations hit 4.9%, driven by higher petrol costs post-'12 Day War'.

flag Australian inflation expectations rose to 4.9% in late July, largely due to higher petrol prices following the '12 Day War' between Israel and Iran. flag Despite this, the official inflation rate for the June quarter remained at 2.1%, the lowest since March 2021. flag Housing, food, and health costs increased, while transport costs fell. flag The Reserve Bank may cut interest rates in early August.

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