Australian private survey of inflation for March drops to 3.8% y/y (prior 4%)

Australia Melbourne Institute Inflation Gauge for March 2024:

3.8% y/y, slowest in 23 months

• prior 4.0%

0.1% m/m

• prior -0.1%

Trimmed mean +0.4% m/m (biggest rise in 3 months)

• for the y/y +3.8% (from +4.0% prior)