CANBERRA, ACT, March 25 -- The Treasurer of Australia issued the following media release:
New figures from the Australian Bureau of Statistics show that headline inflation moderated in February.
While we've seen inflation tick down today, it was too high before the war and the conflict in the Middle East will make it worse.
Headline inflation was flat in the month to be 3.7percent through the year, down from 0.4percent in the month and 3.8percent through the year in January.
Underlying inflation was 0.2percent in the month to be 3.3percent through the year. Compared to January, the monthly number moderated from 0.3percent while the annual number was unchanged.
Our inflation challenge reflects a mix of both temporary and persistent fact...