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Country Focus

Australia: Hot Headline With A Flat Core

by Gabriel Gosselin, Research Associate   Felix Vezina-Poirier, Chief Strategist  

Australia's Q1 CPI showed energy-driven headline acceleration, but steady core inflation suggests markets are over-pricing RBA tightening. Headline inflation accelerated to 4.1% y/y (1.4% q/q) from 3.6% (0.6%), while the trimmed mean was largely unchanged at…

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