Inflation rate gives the RBA a slam dunk to increase rates on Melbourne Cup Day 2023

According to Moody’s Analytics report on Australia Consumer Price Index the uptick in quarterly price growth will put pressure on the Reserve Bank Australia (RBA) to hike rates further when they meet next on 7 November, Melbourne Cup Day. Aussie inflation isn’t playing ball, the Moody’s Analytics report outlines. Across the September quarter, underlying inflation rose […]

Rabobank breaks down the June 2022 quarterly CPI figures as food price inflation climbs

Rabobank relays how there has been an increase across the grocery basket with prices rising for dairy, meat, fruit and vegetables and bread The latest quarterly Consumer Price Index (CPI) data, released today, has shown a continuing rise in Australian food price inflation, with June 2022 quarter food prices increasing 5.9% compared with the June […]