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Middle East conflict could still impact our inflation rate
A CRUCIAL inflation reading will be the focus of a big week in economics that could rule out, or keep alive, the chance of more Reserve Bank rate hikes. After easing in June, inflation figures on Wednesday are set to show fuel prices bounced back in July. ANZ Bank economists Madeline Dunk and Jasmine Zheng have forecast the headline consumer price index to rise 0.8 per cent for the month. However, a softer electricity print compared to 12 months prior will see the annual figure ease 0.6 percentage points to 3.2 per cent, they predicted. They expect the trimmed mean, which shows gr
