After this morning, the Australian Bureau of Statistics and the RBA published the most important inflation indices in Australia (CPI for the first quarter of this year, the RBA index of core inflation by the truncated average method for the first quarter), the Australian dollar declined in the foreign exchange market.
Although the inflation rate returned to the central bank’s target range of 2% -3%, the data on the rate of price growth turned out to be weaker than expected. Consumer prices in the first quarter increased by 0.5% compared to the previous quarter (by 2.1% in annual terms). The forecast provided for an increase in consumer prices by 0.6% compared to the fourth quarter of 2016 and by 2.3% compared to the same period last year.
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