The Australian Bureau of Statistics (ABS) will release the Monthly Consumer Price Index (CPI) Indicator on Wednesday, August 30, which measures the in
Deputy Governor Michele Bullock will take over the RBA’s chair in mid-September.The Australian Bureau of Statistics will release the Monthly Consumer
With that in mind, a wide deviation should be no surprise, although it will probably be. Furthermore, the quarterly CPI rose 0.8% in the three months to June and by 6% compared with the same quarter in the previous year.In any case, Australian inflation is more than doubling the Reserve Bank of Australia target band of between 2% and 3%.
In her latest public appearance, Deputy Governor Bullock said interest rates may need to rise again as inflation is still too high, adding policymakers would be data-dependent, in line with the RBA’s latest guidance.
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