Inflation fall points to no RBA Monetary Policy Board move next week

The trimmed mean CPI remains stubbornly towards the upper end of the RBA’s target range and a range of risk factors continue to lurk, writes Brendan Rynne.

Australia's consumer price index (CPI) CPI fell marginally to 2.4 percent in February – indicating inflation is moving in the right direction, to be sustainably within the midpoint of the 2-3 per cent target range. More importantly, the trimmed mean inflation measure, which excludes volatile items, also slowed this month, falling to 2.7 percent from 2.8 percent last month. While March's inflation data, and the recent weak employment figure, provide some justification for another rate ...

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Authors: Brendan Rynne

Published Date: 27 March 2025