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Australian February CPI: Core (trimmed mean) 3.3% y/y (vs. expected 3.4%)

CPI for February slightly lower than expected both headline and underlying (core). Australian shares have added to gains.

March, of course, has brought fuel price surges. We’ll get that news in a month.

I’m seeing the figures being greeted with joy. Dial it back folks, the target band the RBA shoots for is 2-3%.

I’ll have more to come on this separately

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