It means the monthly consumer price index (cpi) indicator has been 3.4 per cent for three. The australian bureau of statistics (abs) says this is the slowest annual rate of price rises since january 2022.
The monthly cpi indicator rose 4.0% in the 12 months to may. The monthly consumer price index (cpi) indicator rose 4.0 per cent in the 12.
Inflation, Consumer Prices (Annual %) In Australia Was Reported At 6.5941 % In.
This was the lowest figure since q4 of 2021, as.
At Its Meeting Today, The Board Decided To Leave The Cash Rate Target Unchanged At 4.35 Per Cent And The Interest Rate Paid On Exchange Settlement Balances.
Monthly consumer price index indicator, may 2024.
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The Annual Rate Of Inflation Remained Steady In February, At 3.4 Per Cent.
Monthly indicator data on inflation so far in 2024 hasn’t shown a downward trend:
Over The Twelve Months To The March 2024 Quarter, The Cpi Rose 3.6%.
Analysts say the fall in inflation increases the chance of an rba rate cut earlier in 2024, perhaps as soon as june.