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The headline CPI for the March quarter fell to 3.6% y/y (from 4.1% in the December quarter). While this is certainly a move in the right direction as far as the RBA are concerned, the fact that the Core measure (which excludes volatile elements within the CPI) is still at …read more
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
Headline CPI for the final quarter of 2021 has come in hotter than expected at +1.3% q/q (exp +1.0%) and +3.5% y/y (exp +2.8%). However, the increases are focused on 4 main expenditure groups; Transport +12.5% y/y Housing +4.0% y/y Furnishings & H’hold equipment +3.6% y/y Health +3.3% y/y No …read more
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
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
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
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
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
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
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
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