AU CPI q/q

No doubt by now you’ve heard of the better-than-expected June Consumer Price Inflation (CPI) report that was released on Wednesday. The Australian stock market surged to a new high, and both existing and aspiring mortgage holders breathed a sigh of relief – as most economists are now calling the RBA will stand pat when it meets to decide on its official cash rate on Tuesday next week. That’s the key takeaway, a steady cash rate rather than a higher cash rate is good for stocks and good for the economy, because in both cases it ...

On 31 July (at 11:30 AEST) traders will need to prepare for the Australia Q2 CPI print. It is a clear event risk, where the outcome of the inflation print could significantly impact expectations for policy action at the 6 August RBA meeting. By extension, the CPI print holds the potential to promote a knee-jerk reaction in the AUD FX pairs, the AUS200 and ASX200 interest-rate-sensitive equities (such as consumer stocks, banks, and REITS). The RBA has recently guided that the bank remains vigilant to upside risks to inflation, and ...

Interest rates risk going higher still, economists have warned, as stubborn inflationary pressures, rebounding economic growth, and continued tightness in the jobs market could force the Reserve Bank to inflict further pain on household borrowers. While the majority of economists still expect the RBA’s next move will be a cut, Judo Bank chief economic adviser Warren Hogan, who correctly predicted Australia’s interest rate path in 2023, tore up his interest rate forecast on Thursday following a string of firmer-than-expected data. Mr ...

Asia-Pacific markets extend gains as Wall Street continued to rally for a second straight day and investors look toward first-quarter inflation figures from Australia. Australia’s consumer price index is expected to rise 3.5%, marking its fifth straight quarter of slowing inflation, according to economists polled by Reuters. The S&P/ASX 200 was rose 0.21% ahead of the CPI reading. Japan’s Nikkei 225 popped 1.27%, while the broad based Topix was up 0.71%. South Korea’s Kospi climbed 1.85%, powered by a 3% gain in heavyweight Samsung ...

The good news for the Reserve Bank of Australia is that it will go into its first policy meeting for 2024 in a better place on inflation than even its own economists were expecting. The bad news is that the hard work is still not done - and if you believe the adage about tempering high inflation, there is more hard work yet to go. Australian inflation, at the headline level, has a 4-handle for the first time since the end of 2021. While it's not a figure in the RBA's cherished 2-3% threshold, a 3.4% inflation print for December is a ...