Rate hawk feathers will fly

Stripping out the effect of the carbon price, the latest inflation print is on the low side. It should go close to guaranteeing a rate cut in May.

The March quarter inflation rate was significantly below expectations, rising just 0.4 per cent in the quarter for an annual increase of 2.5 per cent. The underlying inflation rate was also lower – rising just 0.4 per cent, on average, for the quarter and giving an annual rise of 2.4 per cent.

Inflation remains very low.

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