Inflation up but lower than expectedBY SUZY MAC | TUESDAY, 24 APR 2007 12:20PMThe producer price index - effectively the wholesale inflation rate - remained unchanged in the first quarter at an annual rate of 2.8 per cent, lower than market expectations of a 0.6 per cent rise for the quarter, leaving the annual rate losing pace slightly while regular inflation (measured by the CPI) also came in lower than anticipated. |
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Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
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