Consumer prices for food, clothing, and services in Australia have risen in June, triggering a record-high for the country's currency.

Australia's inflation rose 0.9 percent from the previous three months. This was more than the 0.7 percent median estimate in a survey of 20 economists.

Prices were 3.6 percent higher than a year earlier, compared with the median forecast of 3.4 percent, data from the Australia Bureau of Statistics released on Wednesday showed.

The government agency said this had been the fastest pace that the economy's inflation, a measure as to how much consumer prices have risen within a certain period, has risen since late 2008.

Analysts said this would provide little comfort to the Monetary Board of the Reserve Bank of Australia as they meet again on 5 August to gauge if benchmark rates should rise or be kept at its current rates.

The monthly board meeting next Tuesday will weigh in the pressure how that the consumer price index (CPI), which grew 0.9 percent in the June quarter after a solid 1.6 percent rise in the previous three months, will impact in the general economic situation of the country marred by subdued consumer spending.

The economic data will have an impact on the RBA's monetary policy. The RBA will hold its monthly meeting on 5 August.

According to a note to clients before the release of the data, Moody's Analytics in Sydney said consumer prices are strongly influenced upwards by the mix of indicators that include low unemployment, rising wages, laggard consumer spending, and strong mining investments.

Bloomberg reports said Australia's currency advanced to as high as $1.1063, the strongest since it was floated in 1983, before trading at $1.1036 as of 1:15 p.m. in Sydney from $1.0956 in New York. The so-called Aussie climbed 0.6 percent to 85.89 yen. New Zealand's dollar rose 0.4 percent to 87.38 U.S. cents after earlier reaching a record 87.65 cents. The currency gained 0.3 percent to 68 yen.