RBA's Stevens sees inflation falling

Inflation will remain uncomfortably high until the end of the year but should fall back after, Glenn Stevens, the governor of the Reserve Bank of Australia, has said.

"With pressures going through the system as a result of the rise in raw materials prices and strong demand over the past couple of years, headline inflation figures will remain uncomfortably high for a little while yet. It is expected that annual CPI inflation will reach a peak in the September quarter of about 5%, and be

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