- Data from the Australian Bureau of Statistics on Wednesday showed the consumer price index (CPI) rose 1% in the first quarter, above market forecasts of 0.8%.
- The annual pace of CPI inflation, however, slowed to 3.6% from 4.1% thanks to base effects, but again came in above forecasts for an easing to 3.5%. For March alone, the CPI rose 3.5% compared to the same month a year earlier, up from 3.4% in February.
- A closely watched measure of core inflation, the trimmed mean, rose 1% in the first quarter, again above forecasts of 0.8%. The annual pace slowed to 4%, from 4.2%.
https://www.reuters.com/markets/australia-q1-annual-inflation-slows-less-than-expected-core-sticky-2024-04-24/
