Core inflation rate stayed below target for a sixth straight quarter and the Australian consumer price were soft. (Representational) Core inflation rate stayed below target for a sixth straight quarter and the Australian consumer price were soft. (Representational)Australian consumer prices were surprisingly soft last quarter and core inflation rate stayed below target for a sixth straight quarter, a reminder of just why interest rates in the country are at record lows and set to remain there for months to come. Core inflation has been too low for too long,” said Tom Kennedy, an economist at JPMorgan. Inflation hard to findThe main price increases last quarter were in health care, taxes on tobacco and the cost of buying a house.

Source: Indian Express July 26, 2017 04:18 UTC