Inflation falls back within RBA target range

Posted on 9/04/2009  

A key private sector measure of inflation, the TD Securities/Melbourne Institute inflation gauge, fell 0.1% in March, thanks largely to cheaper prices for fuel, tobacco, dairy products and rents. The annual rate for the inflation gauge is now back within the Reserve Bank's target range of between 2% and 3% - after rising 3.1% in the 12 months to February. 

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