- Analytics
- News and Tools
- Market News
- Consumer prices in Australia climb 0.5% in the third quarter
Consumer prices in Australia climb 0.5% in the third quarter
The Australian Bureau of Statistics released its consumer inflation data on Wednesday. The consumer price inflation in Australia rose 0.5% in the third quarter, missing expectations for a 0.6% gain, after a 0.7% increase in the second quarter.
On a yearly basis, Australia's consumer price inflation remained unchanged at 1.5% in the third quarter, missing expectations for a rise to 1.7%.
The annual inflation was mainly driven by higher prices for education alcohol and health care.
The trimmed mean consumer price index (CPI) (the Reserve Bank of Australia's (RBA) main indicator of inflation) fell to 2.1% year-on-year in the third quarter from 2.2% in the second quarter, missing expectations for an increase to 2.4%.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
