Australia's inflation rate is falling from its December peak, with prices increasing over the March quarter at the slowest pace in more than a year.
Fruit and vegetables plus snacks and confectionary led overall food prices a further 1.6 per cent higher over the March quarter.
"However, annual inflation for services was 6.1 per cent, up from 5.5 per cent in the December quarter, and is the highest since 2001." Betashares chief economist David Bassanese said that decline in core inflation should give the RBA cause to keep the cash rate on hold again next week at 3.6 per cent.
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