Shock inflation result as consumer prices fall 0.2 pc
Jacob GreberSenior correspondent
Updated
Consumer prices unexpectedly fell in the first quarter for the first time in seven years, triggering a sharp plunge in the Australian dollar as investors boosted bets on an official Reserve Bank of Australia interest rate cut as early as budget day.
The headline consumer price index shrank 0.2 per cent from the December quarter, the first decline since late 2008 when the global financial crisis erupted.
Loading...
Jacob Greber writes about politics, economics and business from Canberra. He has been a Washington correspondent and economics correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles