Fed: No room for complacency on inflation: Swan

AAP General News (Australia)
04-28-2010
Fed: No room for complacency on inflation: Swan

CANBERRA, April 28 AAP - Federal Treasurer Wayne Swan says there is no room for complacency
despite underlying inflation having moderated.

Consumer prices rose by 0.9 per cent in the March quarter, lifting the headline inflation
rate to 2.9 per cent from 2.1 per cent, the Australian Bureau of Statistics (ABS) said
on Wednesday.

However, underlying measures rose by just 0.8 per cent, lowering the annual rate of
underlying inflation to 3.05 per cent from 3.35 per cent.

Mr Swan said there would be an impact on families from some "one-off" increases in
the cost of health and education but added that measures of underlying inflation had continue
to ease.

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KEYWORD: ECONOMY SWAN

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