The June CPI figures hit a financial market sweet spot but households are likely in a less celebratory moodCost of living explorer: track the impact of quarterly CPI on pricesFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe June quarter inflation figures hit a financial market sweet spot, with the Australian dollar diving and stocks spiking as they unwound bets that the Reserve Bank was about to hoist interest rates again.Households, though, might be in a less celebratory mood given the annual rate of consumer inflation, at 3.8%, isn’t much lower than the 4.1% recorded at the end of 2023. It was also up from 3.6% in the March quarter. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/jul/31/australia-inflation-rate-june-cpi-figures-interest-rates-rba
Author : Peter Hannam Economics correspondent
Publish date : 2024-07-31 08:08:33
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