Annual inflation slows to 3.6 per cent as higher than expected price rise in March quarter rules out early rate cut hopes
8 months ago

Annual inflation slows to 3.6 per cent as higher than expected price rise in March quarter rules out early rate cut hopes

ABC  

In short: Inflation has come in higher than expected, with prices rising by 1 per cent in the March quarter significantly reducing the chance of rate cuts by the Reserve Bank this year. Inflation has come in higher than expected, with prices rising by 1 per cent in the March quarter significantly reducing the chance of rate cuts by the Reserve Bank this year. The latest Consumer Price Index data from the Australian Bureau of Statistics showed prices increased by 1 per cent during the March quarter, leaving the annual inflation rate at 3.6 per cent. Mr Chalmers said while Wednesday's figures showed the economy was making "progress" against inflation, the annual rate of 3.6 per cent was "still too high".

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