US EditionAustralia’s Monthly Inflation Cools, Boosting Case for Rate Cut
- Australia's headline inflation rate slowed to 2.4 percent for the 12 months ending in February, down from 2.5 percent in January, according to the Australian Bureau of Statistics .
- Core inflation measures decreased from 2.9 percent to 2.7 percent, remaining below the Reserve Bank of Australia's target midpoint, as confirmed by Chalmers.
- Key factors contributing to the easing include a 13.2 percent decline in electricity prices, with Victoria's rebates significantly influencing this reduction, as reported by Michelle Marquardt from ABS.
- Treasurer Jim Chalmers expressed optimism, stating that the data indicates 'progress together in the fight against inflation.
18 Articles
18 Articles
Inflation Drops Again, Boosting Hopes for Rate Cuts
A day after Treasurer Jim Chalmers lauded Australia’s economic recovery and a “soft landing” in his budget speech, fresh inflation data from the Australian Bureau of Statistics (ABS) reinforced his confidence. The latest Consumer Price Index (CPI) figures show headline inflation slowed to 2.4 percent over the 12 months to February, down from 2.5 percent in January, now sitting within the Reserve Bank of Australia’s (RBA) target range of 2-3 perc…
Inflation falls in line with expectations
The Reserve Bank will likely wait for March CPI data before deciding to ease interest rates again. By Adrian Black and Jacob Shteyman The Reserve Bank’s efforts to curb inflation are heading in the right direction, with monthly inflation continuing downward, but it likely won’t be enough to force a rate cut next week. The monthly consumer price index fell 10 basis points to 2.4 per cent in the year to February, in line with expectations and aft…
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