The Consumer Price Index (CPI), which measures inflation in Australia, recorded a growth of 2.1% in the first quarter of this year ending last March, according to data issued by the Australian Bureau of Statistics this morning, Wednesday, April 27, compared to 1.3% in the fourth and last quarter of Last year came better than the market expectations, which indicated a rise of 1.7%.
The annual index rose by 5.1% compared to the same period last year, its highest reading since 2009. In the details of the index, the food and non-alcoholic beverages index rose by 2.8% in the first quarter and by 4.3% on an annual basis, the house price index recorded an increase of 2.7% in the first quarter, while the alcohol index rose by 1.1% in the first quarter and by 1.8% on a basis annual .
The Australian dollar is trading at 0.7184 levels against the US dollar, after testing its lowest level in two months at the beginning of the session at 0.7121.
02/11/2024
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