RBA Bullock says CPI was a little higher than expected, but about where we thought it'd be

<p>Reserve Bank of Australia Governor Bullock </p><ul><li>
The CPI was a little higher than we expected</li><li>But CPI was about
where we thought it would come</li><li>Goods prices coming
down, but services inflation remains persistent</li><li>Services inflation is higher than what we are comfortable with</li><li>Will have to build
this into our forecasts</li></ul><p>Higher than we expected and about where we thought it'd be are not consistent statements.</p><p>More:</p><ul><li>The longer inflation remains outsidee target band the more likely inflation expectations change</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.