Figures indicate Reserve Bank may consider pausing interest rates at its next meeting on Tuesday
The biggest contributors to February’s annual increase included the cost of housing, which rose 9.9% from a year earlier. Food and non-alcoholic beverages rose 8%, while rents rose by 4.8%
The Australian dollar fell slightly after the release of the inflation numbers, while stocks erased their modest losses for the day. The moves indicate that investors trimmed their bets on the Reserve Bank lifting its key interest rate next week.
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