Headline inflation stable at 2.4pc while RBA's preferred measure drops within targetBy business reporter Gareth HutchensTopic:Inflation42m ago42 minutes agoWed 30 Apr 2025 at 1:34amThe Reserve Bank uses interest rate moves to try and keep annual consumer price rises between 2-3 per cent. (ABC News: Sharon Gordon)abc.net.au/news/inflation-march-quarter-2025-stable/105232824Link copiedShareShare articleHeadline inflation has remained steady but the Reserve Bank's preferred measure of consumer prices has fallen within the RBA's target band for the first time in more than three years.The Australian Bureau of Statistics March quarter data show headline inflation remained steady at an annual rate of 2.4 per cent, while the RBA's preferred measure of trimmed mean inflation dropped from 3.3 to 2.9 per cent.Economists surveyed by Reuters generally expected headline inflation to ease to 2.3 per cent for the 12 months to March, with the trimmed mean figure falling to 2.8 per cent — within the Reserve Bank's 2-3 per cent target range.Ahead of the data release, markets were pricing in the virtual certainty of a 0.25-percentage-point interest rate cut on May 20, with a slim chance of a larger cut at that RBA meeting.LoadingPosted 42m ago42 minutes agoWed 30 Apr 2025 at 1:34am, updated 26m ago26 minutes agoWed 30 Apr 2025 at 1:50amShare optionsCopy linkFacebookX (formerly Twitter)Top StoriesAustralian dollar bounces higher after inflation figures announcedLIVEPhoto shows Finances genericAustralia faces 'lonelier' world with rules-based order crumblingTopic:National SecurityPhoto shows Two men wearing glasses and suits behind the backdrop of the world map.There's a reason Dutton can't resort to a scare campaign with older AustraliansAAnalysis by Annabel CrabbPhoto shows Peter DuttonHolmes à Court fuels movement that denies he will have seat at tableTopic:Political Parties and MovementsPhoto shows shac teal'What I feel is left out': The growing pains of Australia's newest suburbsTopic:Housing PolicyPhoto shows A man stands with his arms crossed in front of a house next to an empty lot. Related storiesA supermarket catalogue from 2021 tells us plenty about this electionTopic:ElectionsPhoto shows An illustration of a shopping trolleyReserve Bank leaves interest rates on hold at April meetingTopic:Interest RatesPhoto shows People walking past the outside of the Reserve Bank of Australia in Sydney.Inflation has fallen, but prices won't be coming down. What does that mean?GAnalysis by Gareth HutchensPhoto shows Hand holding money, notes and coins with a coffee cup and fruit in the background, cost of livingRelated topicsAustraliaBusiness, Economics and FinanceEconomic GrowthEconomic Trends and IndicatorsInflationInterest RatesMonetary PolicyTop StoriesAustralian dollar bounces higher after inflation figures announcedTopic:Stock MarketPhoto shows Finances genericAustralia faces 'lonelier' world with rules-based order crumblingTopic:National SecurityThere's a reason Dutton can't resort to a scare campaign with older AustraliansAAnalysis by Annabel CrabbHolmes à Court fuels movement that denies he will have seat at tableTopic:Political Parties and Movements'What I feel is left out': The growing pains of Australia's newest suburbsTopic:Housing PolicyJust InParamedic 'frustrated' at being forced to stay outside of Bondi stabbing sceneTopic:Crime18m ago18 minutes agoWed 30 Apr 2025 at 1:58amTrump dismisses 'fake' approval rating as Americans voice tariff fearsTopic:World Politics40m ago40 minutes agoWed 30 Apr 2025 at 1:35amHeadline inflation stable at 2.4pc while RBA's preferred measure drops within targetBREAKING26m ago26 minutes agoWed 30 Apr 2025 at 1:50amHow Les Kiss went from rugby league winger to the Wallabies' next coachAnalysis by Luke Pentony47m ago47 minutes agoWed 30 Apr 2025 at 1:29amMore Just InBack to top
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