Australian consumer price index slows in first quarter

The Australian economy released its reading for the first-quarter consumer price index, which showed stability at zero levels versus 0.5% growth in the previous quarter, worse than expectations of 0.2%. While the core reading of the fourth quarter of last year consumer price index showed a growth by 0.3% compared to the previous quarter's reading and expectations of a growth by 0.4%.

Whilst, the annual reading of the CPI for the first quarter showed that growth slowed to 1.3% from 1.8% in the previous quarter, worse than analysts' forecasts of a slowdown of 1.5%. while the core annual reading of the CPI for the same quarter showed a slower growth by 1.6% versus 1.8% in the fourth quarter, also worse than analysts' forecasts of a slowdown by 1.7%