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InflationABC
•85% Informative
Annual rate of inflation falls to 3.5pc in July , down from 3.8pc in June .
But economists say the slowdown in the pace of inflation last month was largely expected.
Economists say it won't encourage the RBA to cut interest rates any time soon.
Electricity prices were increasing at an annual pace of 7.5% in June , but that quickly fell to -5.1% in July .
The most significant contributors to inflation in July were housing (+4%), food and non-alcoholic beverages (+3.8%) and alcohol and tobacco (+7.2%).
Analysts are dealing with problems with the ABS' monthly inflation data.
The RBA governor has warned people shouldn't take too much "signal" from the monthly inflation indicator anyway.
EY senior economist Paula Gadsby said the data should be read with some caution.
But the first month of the quarter focuses on durable goods prices, rather than services and domestically driven factors.
VR Score
93
Informative language
97
Neutral language
44
Article tone
semi-formal
Language
English
Language complexity
51
Offensive language
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Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
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