Sep quarter CPI: headline rate slows markedly, core rate still sticky

30 October 2024

 

Summary: Headline inflation up 0.2% in Sep quarter, up 2.8% over year, slightly less than expected; annual rate of RBA preferred measure slows from 4.0% to 3.5%; ACGB yields rise modestly; rate-cut expectations soften slightly; transport prices main driver 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...

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