RBA Rate Rise Hopes Eased as Australia's Inflation Figures Surprise

Australia's latest inflation figures have surprised economists, showing price pressures remaining relatively stable despite higher travel and construction costs.

The softer-than-expected result has eased expectations of another interest rate rise ahead of the Reserve Bank of Australia's August meeting.

Matt Grudnoff from the Australia Institute notes that falling fuel prices and global geopolitical tensions are impacting the economy, raising questions about whether rising travel costs can continue.