Source: http://www.smh.com.au/business/consu...424-1xibl.htmlConsumer prices rose by 0.1 per cent in the first quarter of 2012, following a flat reading in the fourth quarter of 2011.
For the year to March 2012, inflation increased by 1.6 per cent
Much more detail on the release here:
With such a low measure of inflation, what's to stop an RBA rate cut?
I asked the same question before the last RBA meeting. The answer seemed to be "Wait and see what the inflation figs are like on Apr. 24."
Well, they're out, showing low inflation.
Is a better question now "What's it to be, a 0.25 or 0.5 cut?"