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AUSTRALIAN INFLATION EASES SLIGHTLY IN JULY: SURVEY.
SYDNEY, Aug 1 Asia Pulse - Inflation eased slightly in July but remains above four per cent on an annual basis for the sixth month in a row, a private sector survey shows.
The TD Securities-Melbourne Institute inflation gauge rose 0.4 per cent in July, following a 0.5 per cent rise in June.
Over the year, headline inflation was up 4.6 per cent, compared to 4.8 per cent in the 12 months to June.
The gauge's measure of year-end headline inflation has remained at or above four per cent since February.
Moreover, it has stayed above three per cent since September 2007.
In underlying terms, the gauge's measure of trimmed mean inflation rose 0.4 per cent in July, following an 0.3 per cent increase in June.
Year-end underlying inflation was ay 4.4 per cent in July, down slightly from 4.5 per cent the previous month.
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Source: HighBeam Research, AUSTRALIAN INFLATION EASES SLIGHTLY IN JULY: SURVEY.