Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Glenn Stevens (Chairman and Governor), Philip Lowe (Deputy Governor), Martin Parkinson PSM (Secretary to the Treasury), John Akehurst, Roger Corbett AO, John Edwards, Kathryn Fagg, Heather Ridout, Catherine Tanna
Guy Debelle (Assistant Governor, Financial Markets), Christopher Kent (Assistant Governor, Economic), Jonathan Kearns (Head, Economic Analysis Department), Anthony
The Consumer Price Index (CPI) rose 1.0% in the 12 months to March, following a 1.2% increase in February.
The slower increase in the CPI was mainly the result of gasoline prices, which fell 0.3% on a year-over-year basis in March, after rising 3.9% in February. Provincially, gasoline prices declined year over year in seven provinces.
Excluding gasoline, the CPI increased 1.1% in the 12 months to March, matching the rise in February.
The 12-month change in the Consumer Price Index (CPI) and the CPI excluding gasoline
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.4 percent in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.1 percent before seasonal adjustment.
As was the case in March, a sharp decrease in the gasoline index was the primary cause of the decline in the seasonally adjusted all items index.
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