The Reserve Bank is betting on CPI returning to within its target range of 2%-3% by next year
Inflation remained flat in January at a two-year low, helped by falling prices for meat and seafood, stoking hopes the Reserve Bank may bring forward interest rate cuts.
The consumer price index in January was 3.4%, the Australian Bureau of Statistics said on Wednesday. Economists predicted CPI would increase to 3.6% from December’s 3.4%.
Continue reading…The Reserve Bank is betting on CPI returning to within its target range of 2%-3% by next yearInflation remained flat in January at a two-year low, helped by falling prices for meat and seafood, stoking hopes the Reserve Bank may bring forward interest rate cuts.The consumer price index in January was 3.4%, the Australian Bureau of Statistics said on Wednesday. Economists predicted CPI would increase to 3.6% from December’s 3.4%. Continue reading…