This is a Australia news story, published by CNBC, that relates primarily to RBA news.
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latest inflationCNBC
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88% Informative
Australia 's inflation rate has come within the RBA 's target range in the month of August , easing from 3.5% in July to 2.7% .
The drop puts the rate below the Reserve Bank of Australia 's target band of 2-3% for the first time since August 2021 .
A day earlier , however, the bank said it did not see that a rate cut was on the horizon for Australia .
VR Score
94
Informative language
97
Neutral language
58
Article tone
formal
Language
English
Language complexity
48
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Attention-grabbing headline
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Time-value
short-lived
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3
Source diversity
2
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