Australia – TD / MI monthly inflation gauge for March
– 0.0% m/m, flat on the month ( prior -0.2%)
– 1.7%% y/y (prior +2.1%)
– The ‘trimmed mean’ comes in at 0.0% m/m and 1.6% y/y
The slowing annual pace of inflation is an expected development, now at a 7-month low and under the RBA target band (2 to 3%)
Australia: Monthly inflation gauge (March) 0.0% m/m (prior -0.2%) & 1.7% y/y (prior +2.1%)
