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Beginning in Australia, the July Monthly CPI Indicator provided further confirmation of the deceleration in inflation’s momentum, easing from 5.4%yr to 4.9%yr. However, the composition still speaks to lingering cost-of-living pressures, as evinced not only by the actual lift in electricity prices (6.0%mth) but also what the lift could have been were it not for the introduction of state energy rebates (19.2%mth). Additionally, the detail around housing still reflects an uncomfortable mix, with rental inflation continuing to accelerate (7.3%yr to 7.6%yr) as the moderation in new dwellings persists (6.6%yr to 5.9%yr). So, while it is constructive to see the current progress in inflation and the improving balance of risks for monetary policy, the detail is a reminder that consumption nonetheless remains under pressure in an environment where both prices and interest rates have risen rapidly. ....
CBA: RBA finished with rate hikes macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
The Australian Bureau of Statistics (ABS) will release the Monthly Consumer Price Index (CPI) Indicator on Wednesday, August 30, which measures the in ....
Consumer Price Index, Australia, June Quarter 2023 abs.gov.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abs.gov.au Daily Mail and Mail on Sunday newspapers.
Mollymook Beachside Veteran golfers' Captain's Trophy results | Milton Ulladulla Times ulladullatimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ulladullatimes.com.au Daily Mail and Mail on Sunday newspapers.