Australia Q1 annual inflation slows less than expected, core sticky
Data from the Australian Bureau of Statistics on Wednesday showed the consumer price index (CPI) rose 1 per cent in the first quarter, above market forecasts of 0.8 per cent.
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The annual pace of CPI inflation, however, slowed to 3.6% from 4.1%, but again came in above forecasts for an easing to 3.5%. Image source | Reuters