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
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
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
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
Today saw the release of the June quarter Wages Price Index, and it shows us growth in wages stuck at the (expected) annual rate of 2.1%. Quarterly growth lifted a touch from the previous quarter (again, as expected) to register a 0.6% increase. When considering the split across the private …read more
The ABS have released their quarterly measure of inflation pressures for the second quarter this year; and it contains no surprises. Inflation remains muted (+0.4% q/q and +2.1% y/y) with “core” inflation somewhat lower at +0.5% q/q and just +1.9% y/y. This result is very much as the markets had …read more
The first quarter of 2018 has seen price inflation remain very muted, and outside of the RBA’s inflation target range. The headline CPI data showed a 0.4% q/q increase for +1.9% y/y. This was broadly in line with, or at the bottom end of, market expectations. The RBA preferred “core” …read more
Today’s release of the final quarter 2017 inflation data was broadly in line with market expectations and therefore met by something of a collective yawn by watchers and traders alike. The headline CPI rose 0.6% q/q for a y/y increase of 1.9% (up from +1.8% y/y in the previous quarter). …read more
The ABS release of Q3 CPI this morning has come in slightly below market expectations with core inflation remaining stuck just below the bottom of the RBA target range. CPI posted a 0.6% q/q increase for the Sept quarter (market expectations had centred around +0.8%) which meant year-on-year inflation fell …read more