Aust Q1 CPI – Inflationary Pressures Broad Based

Headline CPI 2.1%qtr/5.1%yr; trimmed mean 1.4%qtr/3.7%yr, weighted median 1.0%qtr/3.0%yr. The 1.4% rise in core inflation captures the broad nature of the inflationary pulse with more than 60% of the components in the CPI now running at a greater than 2.5%yr pace. Inflation came in 2.1%, well above the market forecast of 1.7% even exceeding Westpac’s […]

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