CPI drops back to +3.0% but Core Inflation finally returns to the RBA’s target range

The headline CPI figure for the third quarter came in broadly in line with market expectations. The quarter-on-quarter increase was unchanged at +0.8% (actually unchanged at +0.76%) but the year/year increase fell back to +3.0% (from +3.8% in the June quarter) as base effects unwound. However, what is far more …read more

Regional inflation; an update

The ABS-produced Consumer Price Index (CPI) measures inflation for a basket of good and services in the 8 Capital Cities and then uses that data to produce a weighted average for the nation. This is the headline inflation number with which we are all familiar; and in the second quarter of …read more

Regional Inflation; a first look

The ABS-produced Consumer Price Index (CPI) measures inflation for a basket of good and services in the 8 Capital Cities and then uses that data to produce a weighted average for the nation. This is the headline inflation number with which we are all familiar; and in the second quarter …read more

CPI edges higher but core inflation remains unchanged

The final quarter of 2019 has seen headline CPI increase by 0.7% q/q for a year-on-year increase hwich has edged up to 1.8%. This is unchanged from where we started the year and remains below the RBA’s target range of 2-3%. Nevertheless the RBA will no doubt be moderately pleased …read more

What’s got more expensive or more affordable over the past 20 years?

Following on from a Tweet I saw today looking at the relative price movements in the US over the past 20 years, I thought I’d do something similar for Australia. The chart below is the result. What we can see is that CPI has increased by almost 69% over the …read more

Cost of Living Indexes; Employees impacted least

Today’s Cost of Living Indexes for the second quarter show that it continues to be those in employment who are being impacted by “cost of living pressures” the least; perhaps just as well given the slow pace of wages growth although worth noting that wages growth in the first quarter was …read more

Impact of A$ depreciation on inflation

Yesterday’s CPI print for the first quarter was slightly above market expectations at +0.6% q/q for a 1.6% increase over the year (up from 1.3% in the previous quarter). However, the more closely watched, at least by the RBA, measure of ‘core’ inflation was up just 0.4% q/q with the …read more

Labour Account highlights the weakness in regional incomes across Queensland

Today’s release of the March 2019 Labour Account data series provides a wealth of information. One thing it allows us to do is take a  look at incomes across various industry sectors and how they have changed in the past 12 months. The table below shows, for selected industries, the year-on-year changes …read more

Inflation stays as expected

Dec quarter inflation came in this morning pretty much as people were expecting…that is, weak. CPI rose just 0.5% for the quarter which sees the annual rate drop to 1.8% (from 1.9% previously). The more closely watched measures (at least by the RBA) of core inflation, the trimmed mean and …read more

Inflation going nowhere

Largely as the markets had been expecting, CPI for the third quarter showed a slowdown from the heady (?) 2.1% pace of the second quarter and settled back to sub-2%. The quarter on quarter CPI change was +0.4% for a yr/yr rate of 1.9%. However, for those looking more closely, …read more

© Conus Business Consultancy Services 2021

Website created by RJ New Designs