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Showing 1 - 10 of 200 results for "CPI inflation"

RBA anticipated to delay interest rate cuts

ANDREW MCKEAN  |  TUESDAY, 6 FEB 2024
... inflation decline in Australia. Notably, Australian Bureau of Statistics data from last week revealed that the annual CPI inflation rate decelerated to 4.1%, down from the peak of 7.8% in December 2022. Bloxham further emphasised that a larger underlying ...

Inflation eases to 4.3%

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
... and financial services (up 8.8%), and alcohol and tobacco (up 6.4%) were the main drivers of the annual increase. "CPI inflation is often impacted by items with volatile price changes like automotive fuel, fruit and vegetables, and holiday travel. It ...

Base rate lifts to 4.35%

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
... however, inflation climbed 1.2% in the third quarter, outpacing the 0.8% increase in June. "The latest reading on CPI inflation indicates that while goods price inflation has eased further, the prices of many services are continuing to rise briskly. ...

Bullock keeps cash rate at 4.10%

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
... and fuel prices have risen noticeably of late. Rent inflation also remains elevated. The central forecast is for CPI inflation to continue to decline and to be back within the 2-3% target range in late 2025," she said. Head of Deloitte Access Economics ...

Inflation rises to 5.2%

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... increased by 13.9% compared to 12 months ago, while food and non-alcoholic beverages were down from 5.6% in July. "CPI inflation is often impacted by items with volatile price changes like automotive fuel, fruit and vegetables, and holiday travel," explained ...

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... service sector inflation is projected to stay high, with potential for month-to-month variability. Twelve-month CPI inflation fell 6.7% in August, falling short of prior Committee forecasts by 0.4%. Core goods inflation weakened, declining from 6.4% ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... rise following the halving of the fuel excise tax in April 2022, originally unwound in October of the same year. "CPI inflation is often impacted by items with volatile price change such as automotive fuel, fruit and vegetables and holiday travel," said ...

US CPI inflation rate stays stubbornly high

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
The Consumer Price Index (CPI) rose 0.1% in March, remaining at 5% year on year. NAB economist Taylor Nugent said the US CPI showed welcome, but not overwhelming, progress. "Headline CPI rose less than expected, up 0.1% month on month, and 5.0% year ...

RBA hikes interest rates to 10-year high, flags further increases

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... interest rates to 3.35%, signalling that there are more rate rises ahead. Despite moderating global inflation, high CPI inflation in Australia (7.8%), driven by both domestic demand and global factors, remains a challenge, RBA governor Phillip Lowe said. ...

CPI poses awkward optics for RBA: Economist

ANDREW MCKEAN  |  MONDAY, 31 OCT 2022
... On the RBA decision, BetaShares chief economist David Bassanese said: "Despite this week's higher than expected CPI inflation result, there remains a good case for the RBA to stick with only a 25-basis point interest rate increase on Melbourne Cup day." ...
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