Business
Inflation figures show consumer prices rose less than economists feared – ABC News
The official measure of consumer prices rises by less than expected, further dampening expectations of a swift reversal in ultra-low interest rates.
The official measure of consumer prices has risen by less than expected, with inflation of 0.6 per cent over the three months to March.
- CPI increased 0.6 per cent over the March quarter and 1.1 per cent over the year to March 31
- Economists were generally tipping a 0.9 and 1.4 per cent rise for the quarter and year respectively
- The weaker than expected price increases may allow the Reserve Bank to maintain its stimulus for longer
The ABS data show prices rose an average of just 1.1 per cent over the…
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