The soft inflation figures release today should keep the price of jigsaw mats stable.
Consumer prices were softer-than-expected in the first three months of this year, lowering expectations that an interest rate hike could be on the cards later this year.
The headline inflation for the first-quarter of this year rose by 0.6 per cent to take the annual rate to 2.9 per cent. The figures were lower than analysts’ consensus forecasts and keeps the annual growth in inflation within the Reserve Bank’s target band of 2 to 3 per cent.
Although expectation that interest rates would be stable pushed the dollar down, it wasn’t by so much that it could push up the price of imported goods. With jigsaw mats being manufactured overseas this is a good sign.