Inflation has seen a slightly higher-than-expected rise, though it still may not be enough to prompt an RBA move next week.
The ABS has indicated the CPI saw a 0.9% rise in the June quarter, following on a 1.6% rise in the March quarter. The result represents a 3.6% rise for the year to the June quarter. Analysts had predicted a 0.7% rise for the quarter, and a 3.4% rise for the year.
The weighted median and trimmed mean measures, which the RBA relies on in its interest rate decisions, clocked more modest rises of 2.7%. While the result is in the RBA's upper target band for inflation, most economists have predicted the Reserve Bank will not move on rates in August without a significant quarterly jump of above 1%.