Australia's inflation gauge was unchanged month-on-month in April, following a 0.1% decline in March, a report from the TD Securities and Melbourne Institute showed Monday.
During the month, price rises in health, holiday travel and accommodation as also house purchases were offset by price falls in fruits and vegetables, transport and rental accommodation.
Year-on-year, the inflation gauge rose 2.1% in April, compared to a 2.6% rise in March. The annual rate logged in April was the smallest since May 2005.
The report said that the recession was pushing down inflation, and with Australian dollar having stabilized, the country was facing a greater threat from deflation, than from any inflation risks.
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