Core inflation slows to 2.9 per cent

Interest Rate Cut Hopes Rise as Inflation Holds at 2.4 Percent

Australia’s inflation rate held steady in the March quarter, bolstering hopes for a rate cut ahead of the Reserve Bank of Australia’s (RBA) next meeting on May 19. The Australian Bureau of Statistics (ABS) reported a 0.9 percent rise in the Consumer Price Index (CPI) this quarter and a 2.4 percent annual increase, unchanged from December. Trimmed mean inflation, the RBA’s preferred gauge that strips out volatile swings, fell to 2.9 percent, its …

Core inflation at lowest level in years in boost for rate cut chance

Core inflation has fallen into the Reserve Bank's target band for the first time in more than three years.New data released this morning by the Australian Bureau of Statistics showed headline inflation remained steady in the March quarter at 2.4 per cent.However, the trimmed mean – the RBA's preferred measure of core or underlying inflation – slowed from 3.3 per cent to 2.9 per cent, back in the central bank's target range and the lowest it has…

Core inflation slows to 2.9 per cent

Core inflation has slowed to 2.9 per cent, the first time it has fallen into the Reserve Bank's target band since December 2021.

Australia’s core inflation slows to 3-year low in Q1, supports May rate cut

Core inflation in Australia slowed to a three-year low in the first quarter as costs in the services sector cooled markedly, data showed on Wednesday, supporting the case for another cut in interest rates in coming weeks.