Australian March CPI Shows Moderating Inflation, Core Readings Meet Expectations

Australia's headline Consumer Price Index (CPI) for March came in at +1.1% month-over-month and 4.6% year-over-year, slightly below the anticipated 4.8% annual increase. The core "trimmed mean" inflation readings for March were as expected at +0.3% month-over-month and 3.3% year-over-year. For the first quarter, the core trimmed mean year-over-year figure was in line with expectations at 3.5%, suggesting a degree of stability in underlying inflation.