CPI increases good news for rate-watchers
By Fergus Halliday
28 July 2021
|
1 minute read
SHARE
The latest movements in Australia’s consumer price index suggest that macro-prudential action may be further off than some think.
According to figures from the Australian Bureau of Statistics, Australia’s consumer price index (CPI) rose 0.8 per cent in the June 2021 quarter.
This brings the annual growth of the measure, which is commonly used to gauge inflation in the economy, to approximately 3.8 per cent.
Commenting on the figures, Real Estate Institute of Australia president Adrian Kelly noted that national rents increased “marginally” by 0.1 per cent in the June quarter, with Sydney and Melbourne recording falls of 0.6 per cent and 0.5 per cent, respectively.
10 things you need to know this morning in Australia – July 28, 2021
businessinsider.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com.au Daily Mail and Mail on Sunday newspapers.
High CPI largely due to one-off factors
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Sydney lockdown: Beauty salon owner Kayla Parry says: We have nothing in the bank, it s very scary
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.