Markets gave November rate cuts a 65% chance three days ago. Today’s inflation data dropped that to below 15%. Oliver Hume’s Matt Bell explains what changed and why.
Australia’s monthly inflation fell faster than expected in May, with business leaders weighing in on what it means for their sectors.
The latest CPI report highlights key trends in inflation, interest rates, and the job market. Here’s how to use this data to stay ahead:
Annual inflation also decelerated, dropping to 2.8% from 3.8% in the previous quarter, the lowest since March 2021.
Inflation in Australia shows signs of slowing down, but still poses a challenge for RBA’s interest rate policy.
According to data released by the ABS today, Australia’s CPI movement to 7.3 per cent is the highest annual rate since 1990.
RBA Governor Philip Lowe has not ruled out further interest rate increases in coming months to quell inflation.
New data by the Australian Bureau of Statistics reveals the inflation rate has increased to 6.1 per cent, the highest since 1990.
Headline inflation jumped to 5.1 per cent in the first three months of 2022.
