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Participating Health Funds
| Publication: |
news.com.au |
| Date: |
17 July 2009 |
| Section: |
Breaking News |
Inflation likely to rise on health
Article excerpt:
CONSUMER prices are likely to have risen modestly in the June quarter following hikes in health insurance premiums and higher rents and petrol prices. But the annual rate of inflation is expected to ease, giving the Reserve Bank of Australia (RBA) room to cut official interest rate cuts again if it believes the economy needs a further boost.
... In addition to rises in the cost of health insurance, rents and fuel, AMP Capital Investors chief economist Shane Oliver says inflation in the June quarter will also reflect of a weaker dollar at the end of 2008.
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