Post by Challenger Limited

CPI inflation was 1.1% in March and 4.6% over the year driven by the surge in petrol prices from the war in the Middle East. The measure the RBA focuses on when setting monetary policy – trimmed mean inflation – which largely abstracts from the petrol price jump was 0.8% in the March quarter, a slight easing from the alarming rates of 1.0% and 0.9% in the preceding quarters. Read more with Dr Jonathan Kearns