Reserve Bank of Australia Governor Bullock
- The CPI was a little higher than we expected
- But CPI was about
where we thought it would come - Goods prices coming
down, but services inflation remaining persistent - Services inflation
higher than what we are comfortable with - Will have to build
this into our forecasts
more to come
Higher than we expected and about where we thought it’d be are not consistent statements.
This article was written by Eamonn Sheridan at www.forexlive.com. Source