Johanna Leggatt is the Lead Editor for Forbes Advisor, Australia ... s inflation target of 2-3%. The figure does indicate that rate rises are starting to have an impact on the economy.

Core inflation in Australia slowed to a three-year low in the first quarter as costs in the services sector cooled markedly, ...

This was higher than the Reuters expectations of a 2.3% climb, and unchanged than the 2.4% rise in the last quarter of 2024.