Inflation to rise ahead of plunge

Original article by Matthew Cranston
The Australian Financial Review – Page: 6 : 28-Apr-20

The travel and accommodation sector is likely to be among the hardest hit when inflation data for the March quarter is released on 29 April. The inflation figures will reflect the impact of the bushfires and the early stages of the coronavirus crisis. The market consensus is for a headline inflation rate of 1.9 per cent for the year to March, while the Commonwealth Bank has forecast that inflation will reach two per cent for the first time since mid-2018. However, economists generally expect a negative inflation rate in the June quarter, a view shared by Reserve Bank governor Philip Lowe.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RESERVE BANK OF AUSTRALIA

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