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Inflation figures give an early guide on interest rate moves – ABC News

The ABS is releasing a piece of economic data that is the single most important factor in predicting whether, and when, your mortgage interest rates will rise.

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A major economic release is upon us: March quarter inflation.
It seems like an innocuous data point, so why do economists get so excited about it? And why is this March quarter release so important?
Put more crudely, why should you care?
The release of the consumer price index (CPI), which measures inflation, is arguably one of the more important data drops on the economics calendar.
Think of it like the economy’s blood pressure: low inflation suggests lethargy, weakness and vulnerability; high…

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