Inflation is slowly falling while student debt is climbing: 6 graphs that explain the CPI
The monthly measure of annual inflation also released on Wednesday rose marginally from 3.4% in February to 3.5% in March.
- The monthly measure of annual inflation also released on Wednesday rose marginally from 3.4% in February to 3.5% in March.
- As the chart shows, it has twice given a false impression that inflation was rising again over the past year.
- But the figures released on Wednesday show inflation in the price of services continuing to fall, although more slowly over the March quarter.
- The Reserve Bank will update its inflation and other economic forecasts on May 7, one week before the May budget.