Placeholder canvas
HomeFinance NewsAugust Monthly Inflation Data for Australia Surprises at 5.2% YoY (vs. Expected...

August Monthly Inflation Data for Australia Surprises at 5.2% YoY (vs. Expected 5.2%)

Published on

The Australian August monthly Consumer Price Index (CPI) has remained at 5.2% year-on-year (y/y), in line with expectations and the same as the previous month. However, there has been a slight increase in the month-on-month (m/m) rise, with a 0.6% increase compared to the 0.3% increase seen in July.

In terms of core measures, the August CPI excluding Fruit and vegetables, Automotive fuel, and Holiday travel and accommodation has shown a y/y increase of 5.5%, lower than the previous month’s figure of 5.8%. This decline in underlying inflation may be seen as positive by the Reserve Bank of Australia (RBA).

Additionally, the Trimmed mean CPI, a measure that excludes the most significant price movements, has recorded a 5.6% growth rate. Overall, while the overall CPI remains steady, the modest increase in m/m rise and the decline in core measures may offer some relief and encouragement for the RBA, as it signals some stabilization in inflation rates.

Source link

Latest articles

Super Micro jumps as AI server manufacturer prepares to join S&P 500.

Super Micro Computer saw a surge in its stock price by 13.5% in after-hours...

Analyst Ivan Feinseth Predicts Nvidia Stock to Reach $820

Nvidia (NASDAQ:NVDA) has been unstoppable in the market, driving an AI-themed rally and consistently...

Three games exiting Xbox Game Pass in early March 2024.

Microsoft has announced that three games will be leaving Xbox Game Pass in early...

‘Rust’ armorer accused of mishandling guns and facing emotional testimony in trial.

The first week of Hannah Gutierrez-Reed’s criminal trial focused on the eyewitness accounts of...

More like this

Super Micro jumps as AI server manufacturer prepares to join S&P 500.

Super Micro Computer saw a surge in its stock price by 13.5% in after-hours...

Analyst Ivan Feinseth Predicts Nvidia Stock to Reach $820

Nvidia (NASDAQ:NVDA) has been unstoppable in the market, driving an AI-themed rally and consistently...

Three games exiting Xbox Game Pass in early March 2024.

Microsoft has announced that three games will be leaving Xbox Game Pass in early...