Australia’s inflation rate slows less than expected to 3.6%, dimming hopes of interest rate relief
Economists had tipped CPI growth for the March quarter of 0.8%, and an annual inflation rate of 3.5%Australia’s inflation rate slowed less than expected in the March quarter, dimming hopes the cost of living crunch was easing and chances of a 2024 cut in official interest rates.The consumer price index for the first three months of 2024 was 3.6%, slowing from the 4.1% annual pace in the December quarter, the Australian Bureau of Statistics said on Wednesday. Economists had tipped CPI would drop to 3.5%. Continue reading...
Economists had tipped CPI growth for the March quarter of 0.8%, and an annual inflation rate of 3.5%
Australia’s inflation rate slowed less than expected in the March quarter, dimming hopes the cost of living crunch was easing and chances of a 2024 cut in official interest rates.
The consumer price index for the first three months of 2024 was 3.6%, slowing from the 4.1% annual pace in the December quarter, the Australian Bureau of Statistics said on Wednesday. Economists had tipped CPI would drop to 3.5%. Continue reading...
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