Published 10 days ago

Australia Q1 inflation slowdown disappoints, rate cut bets gone

The Australian Bureau of Statistics reported a decrease in the annual consumer price index from 4.1% in December to 3.6% in March, slightly higher than market expectations.
This higher inflation rate reduces the likelihood of rate cuts by the Reserve Bank in 2024.
Education, health, housing, and food were the main factors contributing to the inflation increase in the March quarter, driven particularly by rents and new homes.

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The Guardian

Australia’s inflation rate slows less than expected to 3.6%, dimming hopes of interest rate relief

Economists had tipped CPI growth for the March quarter of 0.8%, and an annual inflation rate of 3.5%Australia’s inflation rate slowed less than expected in the March quarter, dimming hopes the cost of living crunch was easing and chances of a 2024 cut in official interest rates.The consumer price index for the first three months of 2024 was 3.6%, slowing from the 4.1% annual pace in the December quarter, the Australian Bureau of Statistics said …

11 days ago·London, United Kingdom

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Reuters

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10 days ago·United Kingdom

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Sydney Morning Herald

Inflation eases, but not enough for early rate cut

Inflation has continued to ease, dropping from 4.1 per cent in December to 3.6 per cent in March.

11 days ago·Sydney, Australia

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ABC Australia

Annual inflation slows to 3.6 per cent as higher than expected price rise in March quarter rules out early rate cut hopes

Inflation has come in higher than expected during the March quarter, with prices rising by 1 per cent and annual inflation slowing to 3.6 per cent — reducing the possibility of the Reserve Bank cutting interest rates later this year.

11 days ago·Australia

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RTÉ

Australia's Q1 inflation slowdown disappoints

Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year.

10 days ago·Ireland

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