Not slowing fast enough? September CPI up 1.2%

25 October 2023

 

Summary: Annual Inflation rate slows to 5.4% in September quarter, above expectations; RBA preferred measure slows from 5.9% to 5.2%; ACGB yields rise, especially at short end; rate-rise expectations harden; housing, transport main drivers of result. In the early 1990s, high rates of inflation in Australia were reined in by the “recession we had to have” as it became known. Since then, underlying consumer price inflation has averaged around 2.5%,...

read full story