Wed, 25 Jan 2012 08:26:55 GMT
Australia's core inflation accelerated in 4th quarter
Australia's annual core inflation, which exclude the biggest swings in prices, quickened in the last three months of 2011, climbing to 3%, compared to central bank's target of 2%. An increase in inflation reduced probability that the Reserve Bank of Australia might cut its benchmark interest rate further. The overall price index in 4th quarter was unchanged as banana price