Australia's core inflation slows to 3-year low in Q1

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Sydney, Australia: A key measure of inflation in Australia has cooled at its lowest level in three years, which gives weight to the expectations that the Bank of the Australian Reserve (RBA) can reduce interest rates at its next May meeting.

The data published this week showed that central inflation fell back into the objective range of RBA for the first time since 2021, driven by a deceleration in services prices. The average trimmed – clos

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