<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Inflation has slowed for the first time since November, but still remains far above target.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>New data from the Australian Bureau of Statistics revealed the consumer price index (CPI) eased to 3.7 per cent for the 12 months to February, down from 3.8 per cent the previous month and slightly lower than economists' expectations.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The trimmed mean – the Reserve Bank of Australia's preferred measure of underlying inflation – was steady at 3.3 per cent.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/australia-queensland-governments-taxpayer-bailout-rio-tinto-boyne-aluminium-smelter/d1d2289f-4b32-4d39-a401-e679158f6d18"><strong><span>Mining giant handed $2 billion in taxpayer funds to save 3000 jobs</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>However, today's data is unlikely to have much impact on the Reserve Bank's next interest rate decision, as it only covers February, and therefore doesn't capture any of the inflation caused by skyrocketing oil prices and other flow-on effects from the war in Iran.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The RBA's monetary policy board doesn't meet again until early May, when the ABS will have released another round of inflation data, including quarterly figures.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><span>More to come.</span></em></div></div>