Moody’s Analytics also bullish on Australia Consumer Price Index results says rate rises unlikely
It’s hard to think of better news to start the year for Aussie households, businesses and the Reserve Bank of Australia according to Moody’s Analytics on the early indicators for the next Australian Consumer Price Index. Headline inflation dropped to 4.3% y/y in November, taking it to its lowest point since January 2022. Better still, […]
Further ‘silver lining’ for consumers with food price inflation moderating according to Rabobank
There has been some “further silver lining for consumers” with the latest monthly Consumer Price Index (CPI) data from the Australian Bureau of Statistics, released today, showing food price inflation has continued to moderate. RaboResearch senior food retail analyst Michael Harvey said the November 2023 data showed prices for food and (non-alcoholic) beverages had risen […]