Australia's Inflation Figures Rise at a Stunning Rate
Australia's monthly inflation gauge rose significantly in August, reaching the upper end of the Bank of Australia's target range of 2-3%.
Housing Costs Main Driver of Inflation
According to official data, the Consumer Price Index (CPI) rose by 3% year-on-year, the highest level in a year. Economists had forecast an increase of 2.9%. This rise was largely driven by housing costs.
Inflation Excluding Food and Energy on the Decline
In the Central Bank's preferred measure, which excludes volatile items such as food and energy, the rate fell from 2.7% in July to 2.6% in August.
Employment Report and Interest Rate Expectations
Last week's labor report showed that Australia's labor market remains tight. Based on this data, policymakers at the Republic Bank of Australia (RBA) are expected to hold interest rates steady and maintain their cautious stance at next week's meeting.
⚖️ Yasal Uyarı:Bu içerik yatırım tavsiyesi niteliği taşımaz. Yatırımlarınızla ilgili kararlarınızı kendi araştırmalarınız ve risk profilinize göre almanız önerilir.
Australian inflation, Consumer Price Index, Reserve Bank of Australia, interest rates, housing costs
İlginizi Çekebilir
.png)