Consumer price index shows inflation moderating, which will feed into next RBA decision on interest rates in May
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Inflation has held steady for the second month in a row, as cheaper meat and seafood helped offset increases in rents and automotive fuel.
The monthly index of consumer prices rose only 3.4% in the year to February, stabilising near the pace of the increases in January and December rate, the Australian Bureau of Statistics said on Wednesday. Economists had predicted February CPI would come in at 3.5%.
Continue reading…Consumer price index shows inflation moderating, which will feed into next RBA decision on interest rates in MayFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastInflation has held steady for the second month in a row, as cheaper meat and seafood helped offset increases in rents and automotive fuel.The monthly index of consumer prices rose only 3.4% in the year to February, stabilising near the pace of the increases in January and December rate, the Australian Bureau of Statistics said on Wednesday. Economists had predicted February CPI would come in at 3.5%. Continue reading…