The figures released in the Asian session today, Wednesday, by the Australian Institute of Statistics (ABS), showed that the consumer price index, which measures inflation in Australia, increased by 1.8% in the second quarter of this year ending in June, compared to 2.1% in the first quarter, to come below expectations that indicated a decline to 1.9%. .

On an annual basis and compared to the same period last year 2021, the consumer price index increased by 6.1%.

In details, prices in the food index rose by 2% in the second quarter and by 5.9% on an annual basis, while car fuel prices rose by 4.2% and furniture prices rose by about 7%.

The Australian dollar is trading at 0.6936 levels against the US dollar, stable before the opening of the European markets.