Forex Flash: Australia CPI to confirm inflation remained subdued in Q1 - NAB

FXstreet.com (Barcelona) - “With little indication of inflation pressures emerging in the early months of 2013, we expect the CPI release (due 24 April) to confirm that underlying inflation remained subdued in March quarter 2013,” said analysts at the NAB, adding: “We see underlying inflation remaining within the RBA’s target over the medium to longer term, with soft consumer spending, below-average labour cost pressures, a still high AUD and a shift in business focus towards increased efficiency expected to keep price pressures well contained,” they conclude.