Timeline limits on pricing to avoid "gaming" of promoted product prices were changed because of rising inflation, a supermarket executive has told a court.
While inflation data for February has been overtaken by the Iran war, it gives the Reserve Bank an important insight into domestic conditions before the shock.
Caution has been urged over future cash rate changes as uncertainty looms large over global policy, the impacts of rate decisions and the labour market.
Australia's annual inflation rate rose to 3.5 per cent in the 12 months ended July, which was a little hotter than expected but down from 3.8 per cent in June.
Despite the Reserve Bank saying public demand had risen, Anthony Albanese says government spending is not the sole reason for interest rates staying put.
Australia's inflation rate has clocked its first annual increase in 18 months but borrowers can breath easy as it was unlikely to trigger another rate hike.
Australia's annual inflation rate climbed back to four per cent in May, overshooting expectations and raising the chance of another interest rate hike.
Inflation cooled to 4.3 per cent over the 12 months to November, down from the 4.9 per cent growth recorded by the Australian Bureau of Statistics in October.
Consumer price figures will be hotly anticipated as decision-makers seek to confirm whether inflation is falling fast enough to keep interest rates on hold.
