SPX
Member
Does anyone know what the exact level of inflation is right at this moment? I need it for an exam. Like what is the CPI or inflation rate and where is it expected to be headed?
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What is Australia's exact level of Inflation now? (2 Viewers)
- Thread starter SPX
- Start date
AGB
Member
- Joined
- Feb 7, 2003
- Messages
- 859
- Gender
- Male
- HSC
- 2004
the inflation rate right now is 3.4%.....this is due to the rising petrol prices as well as the drought, which has increased the cost of fresh food. if petrol and fresh food were removed from the calculation of the inflation rate then it would be just over 2% (2.2% i think) which is within the rba's target band of 2-3%
it is unlikely that the rba is going to increase the cash rate as a result of this higher inflation any time soon, according to costello.....however, macfarlane said that he is keen not to let house prices rise, hinting that he might raise interest rates
hope it helps
it is unlikely that the rba is going to increase the cash rate as a result of this higher inflation any time soon, according to costello.....however, macfarlane said that he is keen not to let house prices rise, hinting that he might raise interest rates
hope it helps
The leading edge website updates their stats quite regularly.
www.leadingedge.com.au
There's a link to the economic stats on that page.
www.leadingedge.com.au
There's a link to the economic stats on that page.