CPI rises 0.2% in September quarter, annual rate slows
Annual inflation also decelerated, dropping to 2.8% from 3.8% in the previous quarter, the lowest since March 2021.
Annual inflation also decelerated, dropping to 2.8% from 3.8% in the previous quarter, the lowest since March 2021.
Inflation in Australia shows signs of slowing down, but still poses a challenge for RBA’s interest rate policy.
According to data released by the ABS today, Australia’s CPI movement to 7.3 per cent is the highest annual rate since 1990.
RBA Governor Philip Lowe has not ruled out further interest rate increases in coming months to quell inflation.
New data by the Australian Bureau of Statistics reveals the inflation rate has increased to 6.1 per cent, the highest since 1990.
Headline inflation jumped to 5.1 per cent in the first three months of 2022.
The price of electricity increased 8.9% last quarter, according to the latest ABS Consumer Price Index (CPI), prompting the nation’s peak employer body to warn that businesses are at ‘breaking point’. The Consumer Price Index (CPI) rose 0.6 per cent in the September quarter 2017, with the most significant price rises that quarter being electricity (+8.9%), […]
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