Mumbai, March 28 -- Consumer inflation expectations in Australia decreased to 4.3% in March from 4.5% in February, the lowest level since October 2021. This easing is attributed to a moderation in goods prices following rate hikes totaling 425 basis points over the past two years by the central bank. Services inflation also slowed but at a more gradual pace. RBA Governor Michele Bullock indicated a flexible approach to curb inflation amid economic growth slowdown, emphasizing that the interest rate path remains uncertain and data-dependent. Headline inflation stood at 4.1% in Q4 2023, down from 5.4% in Q3 and a peak of 7.8% in Q4 2022.
Published by HT Digital Content Services with permission from Capital Market....