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Showing 1 - 10 of 30 results for "CPI data"

CPI cools to 4.9%

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... concerned about "homegrown" services inflation driven by consumer demand," she noted. Mousina further warned that the monthly CPI data does not provide a comprehensive view of inflation compared to quarterly data. She said this is because the series ...

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
Inflation in Australia has slowed to its lowest level in a year and a half, encouraging thoughts that the Reserve Bank of Australia (RBA) tightening cycle has peaked. The Australian Bureau of Statistics (ABS) revealed the consumer price index (CPI) ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... that consumers shouldn't expect an overnight retreat in the cost of goods and services. "Today's stubbornly high CPI data is a testament to the difficulties in bringing inflation down in the short term. CPI is unlikely to retreat to within the ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... the flip side, the RBA acknowledged mortgage repayments were around a record high in May, inflation is on the decline, CPI data came in weaker, and economic slowing is bringing supply and demand constraints back into closer alignment. "The inversion ...

US CPI inflation rate stays stubbornly high

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... an additional hike, even as there are some encouraging signs in the detail," Nugent said. Following the release of the CPI data, San Francisco Federal Reserve president Mary Daly acknowledged the potential for inflation to decelerate sufficiently, enabling ...

US rocked by inflation disaster

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
... torrid 1.3% in June alone. While inflation has surged to its highest level in 41 years, US president Joe Biden said the CPI data doesn't reflect the full impact of nearly 30 days of decreases in gas prices. Biden stated: "Those savings are providing ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... quarter of a percent in May and will be the same figures it relies on at its July meeting." "Because Australia only reports CPI data quarterly, we have a limited understanding of the impact May's interest rate rise had on inflation. By contrast ...

Investors sweat over inflation, interest rates: Survey

JAMIE WILLIAMSON  |  FRIDAY, 29 APR 2022
... rates is also of increasing concern, Guimatsia said. Note, this survey was undertaken prior to the release of the latest CPI data by the Australian Bureau of Statistics which saw a quarterly increase of 2.1% and annual increase of 5.1%.

Chief economist update: A date with the RBA in July

BENJAMIN ONG  |  WEDNESDAY, 5 MAY 2021
... Philip Lowe's statement gives us a wink and a nod: "Despite the strong recovery in economic activity, the recent CPI data confirmed that inflation pressures remain subdued in most parts of the Australian economy. A pick-up in inflation and wages ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... important because it determines the real rates of return on investments and for household spending. Then again, latest CPI data show that despite the trillions of dollars or euros or yens or pounds, or whatever currency, that are currently flooding planet ...
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