1 day ago · The odds of an interest rate cut next month have increased, with official figures showing the Reserve Bank of Australia's (RBA) preferred measure of inflation fell to 3.2 per cent over the year to ...

1 day ago · Annual CPI lower than forecast at 2.4% in Q4; Core inflation slows to 3.2%, near RBA's 2-3% target band; Markets wager RBA to cut rates at Feb. 18 meeting

Oct 30, 2024 · All five Living Cost Indexes (LCIs) rose between 0.3% and 0.6% in the September 2024 quarter. Insurance and financial services and Recreation and culture were the main contributors to quarterly rises across all LCIs. These increases were offset by falls in Electricity and Automotive fuel prices.

1 day ago · Australia’s headline inflation is now lower than most major advanced economies including the United States, United Kingdom and Germany. Annual non‑tradable inflation was 3.1 per cent through the year to the December quarter 2024, down from 4.1 per cent through the year to the September quarter.

Jan 8, 2025 · The consumer price index (CPI) is a quarterly measure of inflation published by the Australian Bureau of Statistics (ABS). The ABS also publishes a monthly CPI indicator, which is more timely and includes updated prices for around two-thirds of the CPI basket each month.

Australia's annual inflation rate dropped to 2.8% in Q3 2024 from 3.8% in Q2, steeper than market expectations of 2.9%. It was the lowest reading since Q1 2021, with goods inflation sharply slowing (1.4% vs 3.2% in Q2), mainly due to declines in electricity and fuel prices amid the continued impact of Energy Bill Relief Fund rebates.

Oct 30, 2024 · Price pressures are easing off, with Australia's annual inflation rate falling to 2.8 per cent, down from 3.8 per cent mid-year — slightly lower than expectations. It's the lowest annual inflation rate in three and a half years.

Feb 2, 2018 · Annual trimmed mean inflation, which excluded annual falls in Electricity and Automotive fuel, and rises in Tobacco and Rents, alongside other large price rises and falls, was 2.7% in December, down from 3.2% in November. *Volatile items are Fruit and vegetables and Automotive fuel.

Chart Pack Australian Inflation Released on 11 December 2024 (data as at 5 December 2024, except Unit Labour Costs Growth data which is as at 11 December 2024) View

1 day ago · Australia’s underlying inflation rate is now in line with most other major economies including the United States (3.2 per cent), Britain (3.3 per cent) and Germany (3.1 per cent).