Inflation eases to 7 per cent – but still too high for RBA

Annual inflation eases to 7 per cent 10 News First – Disclaimer

Inflation rose 1.4 per cent in the first three months of 2023, to remain at 7 per cent for the past 12 months.

But consumer prices as measured by the Australian Bureau of Statistics are growing more slowly than in the December quarter, when a 7.8 per cent yearly increase was recorded.