Inflation data from Australia for the January - March quarter and for March month, 2025.
Headline inflation:
+2.4% y/y
- expected 2.2%, prior 2.4%
+0.9% q/q
- expected %, prior 0.2%
Trimmed mean (a measure of core, or underlying inflation)
2.9% y/y
- expected 2.9%, prior 3.2%
0.7% q/q
- expected 0.7%, prior 0.5%
Weighted median (an alternative core measure) 3.0% y/y
- expected 2.9%, prior 3.4%
and 0.7% q/q
- expected 0.7%, prior 0.5%
While a touch on the higher than expected side these results are enough for the Reserve Bank of Australia to cut its cash rate again its May meeting.
