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Australia Core Prices Slow to Record Low in Policy Challenge Bloomberg 2 hrs ago (Bloomberg) -- Australia’s core inflation decelerated to the slowest pace on record as government programs lowered costs in the economy, highlighting the scale of the Reserve Bank’s challenge to reignite stronger price growth. Annual trimmed mean core inflation eased to 1.1% in the first quarter, the weakest reading in a series dating back to 1983, versus an estimated 1.2% gain, the Australian Bureau of Statistics said in Sydney Wednesday. The gauge, the RBA’s preferred measure, advanced 0.3% from the fi...

Australia’s Inflation Exceeds Estimates as Recovery Builds Bloomberg 1/27/2021 Michael Heath (Bloomberg) -- Australia’s consumer prices rose faster than forecast in the final three months of last year as the government amended funding to various stimulus programs amid an economy regaining momentum. The consumer price index advanced 0.9% from the third quarter, underpinned by increases in tobacco excise, compared with economists’ estimates of a 0.7% gain, data from the Australian Bureau of Statistics showed Wednesday. Annual CPI also beat forecasts, similarly rising by ...