After a month of global turmoil, it was good to refocus on the Australian economy last week with the latest inflation data.
All inflation indicators were back within the Reserve Bank’s target zone of 2 per cent to 3 per cent – headline inflation was at 2.4 per cent, underlying (trimmed mean) at 2.9 per cent and the March monthly indicator was at 2.4 per cent year-on-year.