Australia's consumer price inflation dropped to a three-year low in August, thanks to government electricity rebates and a decrease in petrol prices. The annual CPI rose by 2.7%, down from 3.5% in July, matching market expectations. Core inflation, measured by the trimmed mean, fell to 3.4% from 3.8%, still above the Reserve Bank of Australia's 2-3% target range. This indicates costs are cooling gradually but may delay potential interest rate cuts.
#KVB# #Aussie# #australian# #CPI# #Inflation# #Bank# #FlashNews# #BrokerNews#
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now