"The easing of consumer price inflation in the March quarter is a welcome, if only small, move in the right direction towards the 2-3 per cent target range," Innes Willox, Chief Executive of the national employer association, Ai Group, said today.
"Nevertheless, at an annual rate of 7 per cent, it is not only clear that reducing inflation must remain a leading priority for policy makers but also that businesses, governments, regulators and employees need to exercise restraint in wage and price-setting to ensure the current pace of price rises does not get embedded in a self-fulfilling rise in inflationary expectations," Mr Willox said.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
