RBA Governor shows true grit to keep rates on hold at a base rate of 4.35%
At this time in 2023 with the distraction of the general public watching the running of the 163rd Melbourne Cup the Reserve Bank of Australia Board (RBA) took a swipe at lingering inflation by raising the base cash rate by 0.25% to a 12 year high of 4.35%. It was the first meeting of the […]
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 […]
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 […]