UN Tips Slow and Steady Inflation Progress in Australia

UN Tips Slow and Steady Inflation Progress in Australia
A ‘For Rent’ and a ‘For Sale’ sign is seen in Canberra, Australia on Feb. 27, 2023. AAP Image/Lukas Coch
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Rising rental prices are likely to limit progress on inflation in Australia this year based on United Nations (UN) projections.

The intergovernmental organisation has inflation falling fairly gradually in Australia and New Zealand over the next 12 months, with competitive rental markets largely responsible for the sluggish progress.