And for the y/y 3.7%, a two-year low
- prior 3.8%
**
The core measure, trimmed mean is 0.2% m/m
- prior 0.4% (which was the biggest jump in 3 months)
and 3.2% y/y, its lowest since June of 2022
- prior 3.8%
**
Lower headline and lower core during April. While this is not official CPI data (that comes from the Australian Bureau of Statistics each month and quarter) this will be of some comfort to the RBA.
The Bank is meeting today and tomorrow. Previews:
**
Official CPI and cash rate:
