Australian August CPI 2.7% y/y (expected 2.8%) ...Middle East

Australian August CPI 2.7% y/y, lower than expected and under the top end of the Reserve Bank of Australia 2 - 3% target band. Good news. expected 2.8%, prior 3.5%Trimmed mean 3.4% y/yexpected 3.4%, prior 3.8%this above 3% rate for underlying inflation is still a throny issue for the Reserve Bank of Australia, the Bank cites sticky high underlying inflation as a reason to hold the cash rate highThis much improved result is partially due to the largest annual drop in electricity prices on record, down nearly 18%. This is due to combined Commonwealth and State government rebates. -The monthly CPI data from Australia does not show all components of the CPI, that'll have to wait for the quarte

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Last updated : 25 September 2024 clock 04:40 AM

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Australian August CPI 2.7% y/y (expected 2.8%) ...Middle East

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