Q1 2022
Q1 2022
The headline CPI (unadjusted) rose 2.1% in Q1 2022, the most since the introduction of the goods and services tax in 2000.
The Q1 increase took annual CPI inflation to 5.1%, another high in over two decades.
Annual trimmed mean inflation, which is the RBA’s preferred inflation gauge, rose to 3.7%. This is significantly above than the RBA’s target band and the highest level since March 2009.
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