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flag Australian inflation drops to 2.9%, within RBA's target, suggesting a potential interest rate cut in May.

flag Australian inflation has fallen to 2.9% annually, within the Reserve Bank of Australia's (RBA) target range of 2-3%, allowing for a potential 25 basis point interest rate cut in May. flag Despite a 0.7% growth in the trimmed mean inflation measure for the March quarter, housing, education, and food prices saw significant increases. flag Headline inflation remained steady at 2.4%, with economists anticipating the cash interest rate to drop to 3.85%.

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