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Australian data: Q3 PPI 1.8% q/q (prior 0.5%) 3.8% y/y (prior 3.9%)

That's a very substantial q/q rise for the PPI.This data is from the Australian Bureau of Statistics (ABS), some commentary from their report:higher prices for construction, petroleum and energy were compounded by broad-based price increases in services, particularly health and childcare New financial year contract negotiations, indexation clauses, annual wage cost reviews and increasing operating costs contributed to price rises across services industries. After the broad jump in CPI we saw... Read More

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Posted: Oct 27 2023, 00:30

Author Name: forexlive

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