India, Feb. 26 -- Australia's consumer price inflation unexpectedly remained unchanged in January supporting the case for further monetary policy easing.
The consumer price index registered a steady growth of 2.5 percent in January, data from the Australian Bureau of Statistics showed on Wednesday. Prices were expected to climb 2.6 percent.
The annual trimmed mean inflation was 2.8 percent in January, which was up from 2.7 percent in December.
Excluding volatile items and holiday travel, the CPI measure rose to 2.9 percent from 2.7 percent in December.
The largest contributor to the inflation was 3.3 percent rise in food and non-alcoholic beverages prices. This was followed by a 2.1 percent rise in housing and a 6.4 percent surge in alc...