Australia Inflation Cools, Easing Rate Hike Pressure

Australia's inflation rate went down a bit in the last three months, which means the country's central bank might not raise interest rates soon.

The data showed that prices went up by 0.6% in the June quarter, which is less than what people expected.

This made investors think that there's only a small chance of a rate hike next month.

However, some experts are worried because oil prices have been going up a lot, which could make things more expensive for people in the future.

The central bank has already raised rates three times this year to try to control inflation, but it's not clear if that will be enough.