Yonhap Infomax NewsAustralia's February CPI rose 3.7% year-on-year, slightly below market expectations of 3.8%, driven by housing costs up 7.2% while automotive fuel prices fell 7.2%, prompting the Australian dollar to briefly dip before rebounding and 3-year bond yields to decline 10.81bp to 4.6354%.
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Australia February CPI Rises 3.7% YoY, Slightly Below Expectations
Australia's February CPI rose 3.7% year-on-year, slightly below market expectations of 3.8%, driven by housing costs up 7.2% while automotive fuel prices fell 7.2%, prompting the Australian dollar to briefly dip before rebounding and 3-year bond yields to decline 10.81bp to 4.6354%.