CPI in detail: inflation pressures MIA

As noted earlier, Australia’s Consumer Price Index (CPI) came in at only 0.6% in the March quarter – well below market expectations of a 0.9% rise:

Quarterly CPI

Q1 CPI came in well below analysts’ expectations.

Annual CPI also came in at only 1.1% in March, well below the RBA’s target of 2% to 3%:

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