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flag Australia's inflation rate spiked to 2.8% in July, complicating the Reserve Bank's interest rate plans.

flag In July 2025, Australia's inflation rate surged to 2.8%, up from 1.9% the previous month, driven by rising housing, food, and electricity costs. flag This unexpected jump dampened hopes for a second consecutive interest rate cut by the Reserve Bank of Australia (RBA). flag Despite the increase, the RBA is expected to wait for quarterly figures before making policy decisions.

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