“The CPI was a little higher than we expected.”

“But CPI was about where we thought it would come.”

“Goods prices coming down, but services inflation remains persistent.”

“Services inflation is higher than what we are comfortable with.”

“Will have to build this into our forecasts.”

“The longer inflation remains outside target band the more likely inflation expectations change.”

“RBA has always had a low tolerance for inflation.”

“RBA aims to slow the economy without tipping it into recession.”