Summary: Deflation hits in June quarter; RBA preferred measure slows significantly; household services, childcare, fuel main deflationary sources; economist expect rebound in September quarter for headline rate but not for underlying. In the early 1990s, entrenched inflation in Australia was broken by the “recession we had to have” as it became known. Since then, core consumer price inflation has averaged around 2.5%, which is coincidentally the midpoint of the...