Inflation numbers feel like the ‘calm before the storm’
Australia’s headline inflation rate fell before the Iran war up-ended the global economy but economists expect price growth to bounce back with a vengeance in March. Consumer prices rose 3.7 per cent in the 12 months to February, down from 3.8 per cent in January, data from the Australian Bureau of Statistics on Wednesday showed. Economists from National Australia Bank had predicted the headline rate to hold at 3.8 per cent. Trimmed mean inflation – which excludes volatile items to provide a sense of underlying inflation – held steady at 3.3 per cent. The largest