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Showing 1 - 10 of 222 results for "Consumer Price Index"

What's keeping the Treasurer up at night?

ANDREW MCKEAN  |  THURSDAY, 13 JUN 2024
... keeping him up at night is trying to make sure that inflation comes down without smashing the economy. Annual consumer price index inflation peaked at 7.8% in the December quarter of 2022 and has since declined to 3.6% as of the March quarter of 2024. ...

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... given less than optimistic inflation data which rose 1% in the March quarter. In addition, the RBA lifted its Consumer Price Index forecast by 5bps in June and December 2024 to 3.8% but still expects inflation will return to the top of the target range ...

Teals will push for super tax indexation: Burgess

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... indexation," he said. Providing input as to the amendment, the association has proposed it be linked to the consumer price index (CPI). "Of course, there are lots of different ways that you could index this CPI, but we've chosen that method because ...

AFCA amends consumer compensation caps

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... AFCA adjusts its monetary limits every three years in line with the higher of the percentage increase in the Consumer Price Index and the Male Total Average Weekly Earnings. Since its inception, AFCA said it has recouped $1.2 billion in compensation ...

CPI cools to 4.9%

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
The Consumer Price Index (CPI) dropped faster than economists anticipated, coming in at 4.9% in October, a decline from 5.6% in September. The Australian Bureau of Statistics (ABS) said the decline represents the third consecutive quarter of lower annual ...

Inflation still too sticky: Report

CHLOE WALKER  |  MONDAY, 13 NOV 2023
... economic outlook. The report, written by UBS economists George Tharenou and Nic Guesnon, noted while the consumer price index (CPI) is well above the RBA's target, underlying inflation pressure remains evident. "Headline CPI in the third quarter of the ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
The Australian Bureau of Statistics (ABS) released consumer price index data yesterday, showing a moderation in annual inflation from 6% to 5.4%. However, inflation climbed 1.2% in the September quarter, outpacing the 0.8% increase in June, prompting ...

Inflation rises to 5.2%

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
The Consumer Price Index (CPI) experienced a slight increase in the month of August, jumping to 5.2% from 4.9% in July. Data released by the Australian Bureau of Statistics (ABS) revealed that the major contributors to the price increase included housing ...

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 ...
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