On August 28th, according to a report by Jin Ten, Australia's weighted CPI recorded an annual rate of 3.5% in July, slightly higher than the 3.4% expected by economists. The average of the adjusted core indicator rose by 3.8%, up from 4.1% last month. Australia's inflation indicator cooled in July, suggesting that price pressures began to ease in the current quarter and supporting the Reserve Bank of Australia's case for keeping interest rates unchanged. James McIntyre, an economist, said: "At the September 24 meeting, the CPI data is likely to be the focus of the central bank's deliberations along with the second quarter GDP data. We expect the Reserve Bank of Australia to remain unchanged and maintain its tightening bias to ensure inflation expectations are kept under control."