Data from the Australian Bureau of Statistics on Wednesday showed its monthly consumer price index (CPI) rose 6.8% in the year to February, compared to 7.4% the previous month and market forecasts of 7.1%. The monthly CPI index rose 0.2% in February, from January. Prices excluding volatile fruit, vegetables and fuel rose 6.9% in the year to February, down from 7.5% in January. (Reporting by Wayne Cole; Editing by Christian Schmollinger)
Messaging: wayne.cole.thomsonreuters.com@reuters.net)) SYDNEY, March 29 (Reuters) - A measure of Australian
consumer prices rose by less than expected in February thanks in
part to a sharp retreat in holiday travel and accommodation,
adding to the case for a pause in interest rate hikes next
month.
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