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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
(MNI) Melbourne
Australian CPI rose 3.6% y/y over Q1, down from Q4 2023’s 4.1%, and 10 basis points higher than the market’s expectation, according to the Australian Bureau of Statistics.
The Reserve Bank of Australia wants to see inflation at 3.3% by Q2. The monthly CPI indictor, released alongside the quarterly result, also increased 3.5% over March, up from 3.4% in February.
Trimmed mean rose 4.0%, compared to Q4's 4.2%, while non-tradable prices grew 5.0%, down from 5.4% in the December quarter. Tradable prices were lower at 0.9%, compared to a rise of 1.5% over Q4. (See charts)
Daniel covers the Reserve Bank of Australia and the Reserve Bank of New Zealand and leads the Asia-Pacific team.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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