CPI for February slightly lower than expected both headline and underlying (core). Australian shares have added to gains.
March, of course, has brought fuel price surges. We’ll get that news in a month.
I’m seeing the figures being greeted with joy. Dial it back folks, the target band the RBA shoots for is 2-3%.
I’ll have more to come on this separately … ADDED, here we are, more detail etc,:
Australia February CPI cools slightly, but energy shock clouds inflation outlook
This article was written by Eamonn Sheridan at investinglive.com.