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Australian CPI rose 0.4 per cent in the March quarter 2018
The Consumer Price Index (CPI) rose 0.4 per cent in the March quarter 2018, the latest Australian Bureau of Statistics (ABS) figures reveal. This follows a rise of 0.6 per cent in the December quarter 2017. The most significant price rises this quarter are secondary education (+3.3%), gas and other household fuels (+6.0%), pharmaceutical products (+5.6%), vegetables (+3.7%) and medical and hospital services (+1.5%). These price rises were partially offset by falls in international holiday travel and accommodation (-2.4%), audio, visual and computing media and services (-6.1%) and furniture (-2.8%). The CPI rose 0.4 ... (full story)
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Australian inflationary pressures are slowly starting to build
Australian inflationary pressures remain weak. According to the Australian Bureau of Statistics (ABS), headline consumer price inflation (CPI) rose by 0.4% in the three months to March, missing forecasts for a larger increase of 0.5%. That left annual CPI steady at 1.9%, again, one-tenth below the level expected. However, underlying CPI — of more importance when it comes to the outlook for interest rate settings — rose by 0.5% over the quarter in seasonally adjusted terms, leaving the increase on a year earlier at 1.95%. That was faster than than 1.85% annual pace expected by economists, and hints that underlying ... (full story)
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