Inflation Rate Australia 2024. At its february 2024 meeting, the reserve bank board decided to leave the cash rate target unchanged at 4.35 per cent. The annual rate of inflation remained steady in february, at 3.4 per cent.
The latest consumer price index data from the australian bureau of statistics showed prices increased by 1 per cent during the march quarter, leaving the. Australia’s inflation rate, or cpi, rose 1.8% in the last quarter and 7.3% annually, overtaking the abs’ june figure as the highest inflation rate since 1990.
The Abs Also Publishes A Monthly Cpi.
That is a better result than the 3.75 per cent it predicted in.
This Decision Supports Progress Of Inflation To The Midpoint.
The consumer price index (cpi) rose 1.0% this quarter.
Monthly Consumer Price Index Indicator, March 2024.
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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.
This decision supports progress of inflation to the midpoint.
Monthly Consumer Price Index Indicator, March 2024.
At its february 2024 meeting, the reserve bank board decided to leave the cash rate target unchanged at 4.35 per cent.
