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Steady Aussie inflation at 3.4% will calm RBA nerves

The data followed a shock fall in unemployment in February.

Financial services, and in particular rising insurance premiums, continue to add to inflation.

Australian’s monthly inflation rate has remained at 3.4% for the third consecutive month in a result which will be a relief to the Reserve Bank of Australia.

The 3.4% February Consumer Price Index data released today will calm concerns – prompted by a surprise fall in February unemployment –

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Lachlan Colquhoun Wed, 27 Mar 2024
Contact the Writer: lachlan@nbr.co.nz
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Steady Aussie inflation at 3.4% will calm RBA nerves
Australia,
103377
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