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…
Continue Reading
-
General23 hours agoFrom jackaroo to ‘Golden Tonsils’ radio titan: the life and career of John Laws
-
General13 hours agoAFL gives teams finishing 10th chance to win premiership through wildcard round in finals
-
General9 hours agoPrincess Anne remembers Porepunkah police officers in wreath-laying ceremony in Melbourne
-
General7 hours agoFather of seven-year-old neglect victim denied bail while awaiting sentencing