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Australia Inflation Rate Rises More than Expected in Q3
#1
Consumer prices in Australia rose 1.3 percent through the year to the third quarter of 2016 from 1.0 percent in the previous quarter and above market consensus of a 1.1 percent gain, as cost went up for most categories.

Year-on-year, cost increased for: food and non-alcoholic beverages (+1.5 percent from -0.1 percent in the June quarter), alcohol and tobacco (+5.7 percent from +5.9 percent); clothing and footwear (+1.2 percent from -0.2 percent), housing (+1.8 percent from +1.3 percent); furnishing, household equipment and services (+1.9 percent from +1.6 percent), health (+3.9 percent from +4.5 percent), recreation & culture (+0.6 percent from +0.8 percent), education (+3.3 percent from +3.3 percent) and insurance and financial services (+2.9 percent from +2.4 percent). In contrast, cost declined for: transport (-3.4 percent from -2.8 percent) and communication (-7.5 percent from -7.2 percent).

RBA Trimmed Mean CPI rose 1.7 percent year-on-year in the September quarter of 2016, the same pace as in the preceding two quarters and in line with estimates. Quarter-on-quarter, the index increased 0.4 percent, down from 0.5 percent in the second quarter. RBA Weighted Mean CPI rose 1.3 percent year-on-year in the three months to September, unchanged from the second quarter. For 2016, Australia's central bank targets core inflation of between 2.0 percent to 3.0 percent on average.

On a quarterly basis, consumer prices went up 0.7 percent, following a 0.4 percent rise in the June quarter while market expected a 0.5 percent increase. It was the highest figure since the June quarter 2015. The most significant price rises this quarter are fruit (+19.5 percent) and vegetables (+5.9 percent), which is due to adverse weather conditions, including floods, in major growing areas, impacting supply. Prices also increased for electricity (+5.4 percent) and tobacco (+2.3 percent). Partially offseting these rises were falls in communication (-2.3 percent) and fuel (-2.9 percent).
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#2
AUD/USD = BUY!!!
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#3
Thanks for the post...!!!
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#4
Thanks for sharing ..........
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#5
Good to know it.......
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#6
Australia have a stricter tax rule in 2017, expected growth till end of December is still expected to be strong.

Buyers are throwing money into Australia currently based on the tax increment and new tax rule in 2017.

Good buy till end of year (AUD/USD)

Plus the election will be a toll to USD.
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#7
so many people act like they know what is happening in this article. this is hilarious
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