Australia CPI slowed to 6.8% yoy, supports RBA pause next week

Australia’s monthly CPI in February eased from 7.4% yoy to 6.8% yoy, below expectation of 7.2% yoy. CPI excluding volatile items such as fruit, vegetables, and automotive fuel also slowed from 7.5% yoy to 6.9% yoy. Michelle Marquardt, Head of Prices Statistics at the Australian Bureau of Statistics (ABS), noted that “this marks the second […]

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