CPI: Making Sense Of The Senseless??

June 26, 2024 • 00:09:53
CPI: Making Sense Of The Senseless??
Digital Finance Analytics (DFA) Blog
CPI: Making Sense Of The Senseless??

Jun 26 2024 | 00:09:53

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Show Notes

The ABS released the latest monthly CPI data today, and it reports that Inflation is still sticky in Australia, and accelerated faster than expected for a third straight month in May, sending the currency higher as traders boosted bets that the Reserve Bank will resume raising interest rates at its next meeting. The report comes after RBA Governor Michele Bullock restated last week that the rate-setting board isn’t ruling out a rate hike after leaving the benchmark at a 12-year high of 4.35%. Wednesday’s figures suggest inflation is running ahead of the RBA’s forecast for underlying inflation to ease to […]
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