Inflation Hotter Than Expected – Again!

The latest Australian inflation figures from the ABS came in hot, suggesting more rate rises from the RBA.

The Consumer Price Index (CPI) rose 1.8% this quarter. Over the twelve months to the September 2022 quarter, the CPI rose 7.3%. The most significant price rises were New dwelling purchases by owner-occupiers (+3.7%), Gas and other household fuels (+10.9%) and Furniture (+6.6%).

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/sep-quarter-2022

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Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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