Australian Q1 CPI 1.0% q/q (expected 0.8%) 3.6% y/y (expected 3.4%)

AUD has jumped on the higher than expected inflation figures.
- The results are also just above RBA forecasts,
This is a nail in the coffin of 2024 rate cuts from the Reserve Bank of Australia.
Hiher than expected headline and core (trimmed
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