“Both manufacturing and service sector input prices
rose in July suggesting the new financial year has
potentially brought with it an increase in business
costs. While the next major inflation number is the
official Q2 results from the ABS, it is the July data that
will be of most interest. The July numbers will give
us a good idea of whether inflation is falling in line
with what we are seeing in other countries in recent
weeks, or if Australia is set to experience a more sticky
inflation trend in 2023/24
JOSH
Website: http://todaysnewsbro.com
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