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Australian CPI for April 6.8% y/y (expected 6.4%)

The Monthly CPI (inflation) report is not as comprehensive as the quarterly and should be viewed as a guide only. Comes in at 6.8% y/y ... the RBA won't like thisexpected 6.4%, prior 7.0%The most significant price rises were Housing (+8.9%), Food and non-alcoholic beverages (+7.9%) and Transport (+7.1%). Petrol (gasoline) prices in the month of April were much higher than in March.The ABS adds:The annual movement for the monthly CPI excluding volatile items and holiday travel rose 6.5% in April,... Read More

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Posted: May 31 2023, 01:30

Author Name: forexlive

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