BusinessAustralian Associated PressInflation moderating but not as quickly as hoped
Australia's inflation rate has moderated further but come in above expectations, adding to the case for a longer wait for interest rate cuts.
BusinessReutersAustralia Q1 inflation slowdown disappoints, rate cut bets gone
SYDNEY (Reuters) -Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year. Total easing expected this year has been slashed to 3 basis points, down from 17 bps before. Data from the Australian Bureau of Statistics on Wednesday showed the consumer price index (CPI) rose 1% in the first quarter, above market forecasts of 0.8%.
BusinessAustralian Associated PressCheaper renewable energy driving electricity costs down
Renewable energy generation is lifting its overall share of a growing national electricity market and pushing wholesale prices down, according to official data.
