Underlying inflation fell last month to its equal-lowest level in more than three years as price pressures cooled across the housing market.
Trimmed mean inflation, the RBA’s preferred measure of underlying inflation, fell from 2.8 per cent in January to 2.7 per cent in February, the Australian Bureau of Statistics said on Wednesday.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
