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Australia’s softening inflation unlikely to spell an end to interest rate hikes

Australia’s softening inflation unlikely to spell an end to interest rate hikes

The worst of the current inflationary cycle may be behind us, but the pain is probably not over for many householdsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastWhen normally well-to-do shoppers of inner-west Sydney start trimming spending on fruit and vegetables, it’s a hint that households everywhere are feeling the pinch.“Now people are really conserving what they are spending on,” said Yousef Lakda, owner of the Nature Spot greengrocer in Rozelle. “They walk in, they check your prices and they walk out and go and compare the prices … it wasn’t [like that] before.”Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

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