AU CPI q/q
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Although this data is extremely late relative to inflation data from other countries, it's the primary gauge of consumer prices;
- AU CPI q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Apr 23, 2024 | 1.0% | 0.8% | 0.6% |
Jan 30, 2024 | 0.6% | 0.8% | 1.2% |
Oct 24, 2023 | 1.2% | 1.1% | 0.8% |
Jul 25, 2023 | 0.8% | 1.0% | 1.4% |
Apr 25, 2023 | 1.4% | 1.3% | 1.9% |
Jan 24, 2023 | 1.9% | 1.6% | 1.8% |
Oct 25, 2022 | 1.8% | 1.6% | 1.8% |
Jul 26, 2022 | 1.8% | 1.9% | 2.1% |
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- AU CPI q/q News
- From youtube.com/markets|Jun 11, 2024
Australian Treasurer Jim Chalmers says his country is on track for a soft landing as a result of "moderating inflation and a resilient labor market." He also says that the relationship with China can be "complex to manage" but there are "good economic dividends" from engaging with Beijing. Chalmers speaks to Haidi Stroud-Watts on the sidelines of the Morgan Stanley Australia Summit in Sydney.
- From news.com.au|Apr 26, 2024
Interest rates risk going higher still, economists have warned, as stubborn inflationary pressures, rebounding economic growth, and continued tightness in the jobs market could force the Reserve Bank to inflict further pain on household borrowers. While the majority of economists still expect the RBA’s next move will be a cut, Judo Bank chief economic adviser Warren Hogan, who correctly predicted Australia’s interest rate path in 2023, tore up his interest rate forecast on Thursday following a string of firmer-than-expected data. Mr ...
- From theconversation.com|Apr 24, 2024
Australia’s inflation rate has fallen for the fifth successive quarter, and it’s now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in the March quarter figures released on Wednesday, leaving it within spitting distance of the Reserve Bank’s 2–3% target. chart But it’s too early for mortgage holders to celebrate. On Wednesday Westpac noted the pace of improvement was slowing and pushed out its forecast of when the Reserve Bank would begin cutting ...
- From abs.gov.au|Apr 23, 2024|4 comments
The Consumer Price Index (CPI) rose 1.0% this quarter. • Over the twelve months to the March 2024 quarter, the CPI rose 3.6%. • The most significant price rises this quarter were Rents (+2.1%), Secondary education (+6.1%), Tertiary education (+6.5%) and Medical and hospital services (+2.3%). Main features: All groups CPI, Australia, quarterly and annual movement (%). chart Weighted average of eight capital cities table Annual CPI inflation continues to ease in the March quarter: Annual CPI inflation was 3.6 per cent in the March ...
- From cnbc.com|Apr 23, 2024
Asia-Pacific markets extend gains as Wall Street continued to rally for a second straight day and investors look toward first-quarter inflation figures from Australia. Australia’s consumer price index is expected to rise 3.5%, marking its fifth straight quarter of slowing inflation, according to economists polled by Reuters. The S&P/ASX 200 was rose 0.21% ahead of the CPI reading. Japan’s Nikkei 225 popped 1.27%, while the broad based Topix was up 0.71%. South Korea’s Kospi climbed 1.85%, powered by a 3% gain in heavyweight Samsung ...
- From marketindex.com.au|Jan 30, 2024
The good news for the Reserve Bank of Australia is that it will go into its first policy meeting for 2024 in a better place on inflation than even its own economists were expecting. The bad news is that the hard work is still not done - and if you believe the adage about tempering high inflation, there is more hard work yet to go. Australian inflation, at the headline level, has a 4-handle for the first time since the end of 2021. While it's not a figure in the RBA's cherished 2-3% threshold, a 3.4% inflation print for December is a ...
- From abs.gov.au|Jan 30, 2024|6 comments
Key statistics: The Consumer Price Index (CPI) rose 0.6% this quarter. Over the twelve months to the December 2023 quarter, the CPI rose 4.1%. The most significant price rises this quarter were Tobacco (+7.0%), New dwelling purchase by owner-occupiers (+1.5%), Domestic holiday travel and accommodation (+3.9%) and Medical and hospital services (+1.2%). tables Annual CPI inflation was 4.1 per cent in the December 2023 quarter, lower than the 5.4 per cent annual rise in the September 2023 quarter. This marks the fourth consecutive ...
- From @LiveSquawk|Oct 25, 2023|3 comments
post: RBA’s Bullock: CPI Was A Little Higher Than We Expected, About Where We Thought It Would Come - Goods Prices Coming Down, Services Inflation Remaining Persistent - Services Inflation Higher Than What We Are Comfortable With, Will Have To Build This Into Our Forecasts post: RBA’s Bullock Declines To Say If #CPI Print Made Rate Hikes More Likely
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