New data from the Australian Bureau of Statistics (ABS) showed that headline inflation rose by 1.4 per cent in the March quarter, and by 7 per cent on an annual basis. 9News
Today's figure will prove crucial to the nation's economists after the RBA decided to hold the cash rate at 3.6 per cent in April.Annual trimmed mean inflation, a measure the RBA looks closely at, was 6.6 per cent, down from 6.9 per cent in the December quarter.
Despite this, head of prices statistics at the ABS Michelle Marquardt said there are signs that price rises are beginning to ease. "While prices continued to rise for most goods and services, many of these increases were smaller than they have been in recent quarters."Marquardt said that the biggest drivers of inflation in the March quarter were health and energy bills.
"This year some private health insurance premiums also increased in January, adding to the price rise for medical and hospital services.
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