<\/p>\n
Figures released this morning, Wednesday, August 27, during the Asian session, by the Australian Bureau of Statistics (ABS) showed that consumer price inflation rose by 2.8% in July year-on-year, compared to 1.9% in June, while expectations were for a 2.3% increase.
\nConversely, core inflation, which excludes volatile items such as motor fuel, fruits and vegetables, and travel, rose by 3.2% in July, compared to 2.5% in June.
\nThe average deflator inflation index, which excludes the top and bottom 15% of volatile items, rose by 2.7%, up from 2.1%, marking the largest monthly increase since December 2022.
\nIn detail, the most significant increases in the index in July came from the housing sector, which rose by 3.6% from 2%, and food and non-alcoholic beverages, which rose by 3%. Alcohol and tobacco prices rose by 6.5% from 5.7%, while the transport sector declined by 1%.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Figures released this morning, Wednesday, August 27, during the Asian session, by the Australian Bureau of Statistics (ABS) showed that consumer price inflation rose by 2.8% in July year-on-year, compared to 1.9% in June, while expectations were for a 2.3% increase. Conversely, core inflation, which excludes volatile items such as motor fuel, fruits and vegetables, […]<\/p>\n","protected":false},"author":1,"featured_media":8272,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-currency-markets"],"acf":[],"yoast_head":"\n