Australia TD Inflation Rises 0.2% in March

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March 31 (Bloomberg) –- Bloomberg’s Paul Allen reports on Australia’s just released TD inflation data on Bloomberg Television’s “First Up.” (Source: Bloomberg)

Breaking news out of australia.

We just got the latest tv inflation figures.

Let's go to sydney for the numbers.

According to this rate of inflation, it is up .2% following on from a similar rise in february.

We were discussing this on friday with the price of concert tickets.

This is a bit more meat and potatoes.

Literally meat and potatoes.

It was up 1.3% in march.

Holiday travel and discretionary items.

On the flipside, automotive fuel declined by 1.3% along with the computing equipment.

Eight gives us the number of .2% for the month of march.

Going ahead, this was described as an uncomfortable read for the reserve bank of australia.

It predicted inflation to rise by .6% for the quarter.

3% annually.

That is the very top of the rba range.

The security note that the rba is taking a glass half full approach.

These are starting to pick up.

This does build the case for an interest rate rise in australia toward the end of the year.

Around august they expect to see the language change around these emergency rates.

They are at the record low 2.25%. the forecast is softening up around august.

The rba does meet tomorrow.

They are expecting no change but just a 1% rise at a rate cut.

Otherwise the rba expected to sit tomorrow.

This inflation rate of .2% does

This text has been automatically generated. It may not be 100% accurate.

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