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Yes they did

NAB Morning Call

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The ASX 204 1.2% on the News Yesterday

OECD wide inflation figures as well yesterday for April. They say you on year headline CPI has fallen to 7.4% from 7.7% a month earlier. Core inflation is still at 7.1%. It's only down ever so slightly from the month before. And food inflation, even though it's fallen almost 2%, it's still up there at 12.1%. So that tells us how widespread this is across the OECD. These numbers are very slow moving and still very high, aren't they? Yeah, that's right. That kind of challenge of more persistent inflation is a feature in a lot of other advanced economies and kind of across the world at the moment.

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