Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

Australian inflation marginally up in April

Australia,Business/Economy, Mon, 30 Apr 2012 IANS

Sydney, April 30 (IANS) The consumer price in Australia continued to rise in April, said a survey released Monday.


The TD Securities-Melbourne Institute Monthly Inflation Gauge rose 0.3 percent in April following a 0.5 percent rise in March, TD Securities said.


In the 12 months to April, the Inflation Gauge increased by 1.9 percent, after a 1.8 percent rise over the year to March.


Price rises in automotive fuel, rents and health contributed to the overall change in April, the survey found.


These were offset by falls in travel-related expenses, clothing and footwear, recreation and culture-related activities, reported Xinhua.



Head of Asia-Pacific Research at TD Securities Annette Beacher said that the April survey gave the correct signal that inflation has weakened at both the headline and underlying levels.


She said it was encouraging that the underlying measure of inflation remained in the bottom half of the Reserve Bank of Australia's (RBA) two to three percent inflation target band.


"While financial market instability appears to be a persistent backdrop for central banks when assessing the correct stance of monetary policy, and the European sovereign debt crisis remains far from resolved, there is not a strong case for the RBA Board to slash the cash rate by 50 basis points tomorrow," Beacher said in a statement Monday.


She predicted that the RBA was likely to cut the cash rate at its May 1 board meeting by no more than 25 basis points.


King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.