Slow progress on inflation tempers interest rate hopes
Australia's inflation rate has moderated further, despite coming in slightly above expectations at 3.6 per cent in the 12 months to March.
Australia's inflation rate has moderated further, despite coming in slightly above expectations at 3.6 per cent in the 12 months to March.
The monthly headline consumer price index indicator increased 3.4 per cent annually in February in a softer-than-expected result.
Australians should get another wage boost to help them manage the cost-of-living crisis, the Albanese government says, as it moves to give people more relief.
Australia's jobless rate has fallen to 3.7 per cent, from 4.1 per cent, and back to where it was six months ago.