CPI has Steady Start to New Year

March 24th,2014

The December 2012 quarter Consumer Price Index (CPI) figures show that the Reserve Bank of Australia’s (RBA) consumer price measures of inflation are within their target zone and stable.

Real Estate Institute of Australia (REIA) President, Mr Peter Bushby, says the Reserve Bank should continue to deliver the much-needed cuts to interest rates that the economy needs.

“The latest figures are within the RBA’s target zone of 2-3 per cent and should provide a clear message to the Board to further reduce official interest rates,” Mr Bushby said.

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