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Australia first-quarter inflation holds steady at 4-year low of 2.4%

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Summary
Nutrition label

88% Informative

Australia 's first-quarter inflation rose 2.4% compared to the same period last year .

This was higher than the Reuters expectations of a 2.3% climb.

Inflation in the country has largely been softening after hitting a multi-year high of 7.8% since December 2022 .

The declining inflation has afforded the Reserve Bank of Australia room to cut rates to 4.1% .

VR Score

95

Informative language

98

Neutral language

67

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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