At its february 2024 meeting, the reserve bank board decided to leave the cash rate target unchanged at 4.35 per cent. As well as dampening real incomes, a period of higher inflation could.
Inflation rate in australia decreased to 3.60 percent in the first quarter of 2024 from 4.10 percent in the fourth quarter of 2023. Over the twelve months to the march 2024 quarter, the cpi rose 3.6%.
Over The Twelve Months To The March 2024 Quarter, The Cpi Rose 3.6%.
The australian stock market fell sharply immediately following the release of the inflation data as investors pushed back their expectations of an rba interest rate cut in 2024.
Australia’s Elevated Inflation Suggests Rba To Extend Pause.
The composition of inflation in australia is also expected to shift, with higher inflation expected in more persistent and.
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Inflation Accelerated For A Second Consecutive Month In April;
At its february 2024 meeting, the reserve bank board decided to leave the cash rate target unchanged at 4.35 per cent.
Inflation In Australia And Internationally Is Now Forecast To Be Elevated For Much Of The Forecast Period.
Over the twelve months to the march 2024 quarter, the cpi rose 3.6%.