Australia inflation slows to 3-1/2 year low, but sticky core to push RBA cut to 2025
- Australia’s inflation rate has slowed to 2.8% in three years, but this has reduced prospects for a rate cut in 2024, according to Moomoo’s market analyst Jessica Amir.
- Underlying inflation remains above the target at 3.5%, indicating persistent price pressures, as noted by Jessica Amir.
- Headline inflation decreased due to government energy rebates and lower petrol prices, but core inflation measured by the trimmed mean stays high, according to Jessica Amir.
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Coverage Details
Total News Sources0
Leaning Left4Leaning Right3Center3Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 30%
R 30%
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