A day after Treasurer Jim Chalmers lauded Australia’s economic recovery and a “soft landing” in his budget speech, fresh inflation data from the Australian Bureau of Statistics (ABS) reinforced his confidence.
The latest Consumer Price Index (CPI) figures show headline inflation slowed to 2.4 percent over the 12 months to February, down from 2.5 percent in January, now sitting within the Reserve Bank of Australia’s (RBA) target range of 2-3 percent.
