The consensus opinion amongst professional analysts is that the key measurte of underlying inflation rose by 0.6% in the first quarter, which would mean that the annual inflation rate would ease to around 2.4%. This is well within the RBA’s target inflation band of 2%/3%. Recent export price and PPI data would seem to confirm the notion that prices are falling in general, although food and fuel prices have been less likely to fall.
Data due in under 30 minutes, so get that coffee now.
