Inflation jumps as expected. Conus All Australia CPI +6.3% y/y; ABS Capital Cities CPI +6.1% y/y
The data for the second quarter CPI shows (as generally expected) that inflation has moved further above the RBA’s target range of 2-3%. Headline CPI was up 1.8% q/q for a y/y increase of 6.1% (up from 5.2% in the March quarter). The RBA’s Core inflation measure also increased; up ...read more