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Showing 11 - 20 of 224 results for "Consumer Price Index"

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... Bank of Australia (RBA) tightening cycle has peaked. The Australian Bureau of Statistics (ABS) revealed the consumer price index (CPI) came in at 4.9% for July, well down on last month's 5.4%. Annual trimmed mean inflation also fell notably, to 5.6% ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... singles, taking the annual increase to 6.1%. This is just slightly higher than the 6.0% increase in the general Consumer Price Index (CPI). "Retiree budgets have been under substantial pressure for nearly two years due to high costs of essential goods ...

US inflation rises 3.2%

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... indicators find that soaring prices are finally moderating. According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.2% in July on a seasonally adjusted basis year on year. On a month-by-month basis, food prices rose 0.2% ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... categories, core PCE prices rose 4.6%," he explained. He further mentioned that in June, the 12-month change in the Consumer Price Index (CPI) was recorded at 3.0%, and the change in the core CPI stood at 4.8%. "Inflation has moderated somewhat since ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
The Consumer Price Index (CPI) has softened to 6%, however a further rate hike in August is not off the table. The Australian Bureaus of Statistics (ABS) said headline inflation was lower than the 7% annual rise in March, marking the second consecutive ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... that inflation was forecasted to remain above target for an extended period. "Members noted that several Consumer Price Index (CPI) categories for which inflation was typically quite persistent already had too high inflation, including rent and services ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
The Consumer Price Index (CPI) has fallen to 5.6%, fueling hopes the Reserve Bank of Australia (RBA) will pause interest rate hikes next week. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), came as a pleasant ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
The Consumer Price Index (CPI) has jumped from 6.3% to 6.8%, adding to theories Australians could be in for another rate hike. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), exceeded economist predictions of ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... August. So much will depend on what happens with the next iteration of inflation data," Felsman said. The consumer price index (CPI), due to be released at the end of July, will also hold weight in determining the RBAs decision. "We still see a strong ...

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
The Australian Bureau of Statistics (ABS) has reported a decrease in inflation, with the Consumer Price Index (CPI) falling to 7% in the March quarter. ABS head of prices statistics Michelle Marquardt attributed the decrease in inflation to a fall in ...