Mon, 30 Apr 2012 09:06:43 GMT
Australian inflation slower than expected in first three months
Australian consumer prices accelerated at slower pace than predicted in the 1st quarter of 2012, creating an additional pressure on Reserve Bank of Australia to lower benchmark rate. Australia's CPI climbed only 0.1% in first three months this year, compared to median estimate of 0.6% growth. On yearly basis quarterly CPI gained 1.6% compared to last quarter's 3.1%