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Australia 1Q RBA trimmed mean CPI (QoQ) falls to 0.3% vs 0.6%

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Australian CPIs softer-than-expected

The Australian consumer price index series came at the lower end of expectations, with the first quarter price inflation standing at +0.4% QoQ vs +0.7% expected. On a yearly basis, +2.5% YY vs +2.8% expected was the read.
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