January - March 2018 Australia CPI data is here:

Responses coming through ...

Craig James of Commonwealth Bank of Australia's securities

  • Inflation remains low
  • It is still struggling to get into the 2-3 percent target band

Shane Oliver, Head of Investment Strategy & Chief Economist at AMP Capital

  • CPI shows ongoing underlying price weakness
  • Goods & services excl volatile items was flat in the quarter & just +1.1% y/y (highlighting higher price increases in volatile and government related items)

Sarah Hunter, head of economics for BIS Oxford Economics:

  • no signs of an acceleration in headline inflation
  • trimmed and weighted mean also stuck around 2 percent
  • RBA is likely to stand fast at 1.5 percent for quite some time
  • We see the first rise happening in the December quarter of 2019