consumer price index

No interest rate cuts this year?

Australian Bureau of Statistics reported yesterday that Consumer Price Index (CPI) climbed 4.5% in the year to June. It's the worst inflation numbers since the introduction of the GST. In the three months to June, inflation rose 1.5 % - the highest quarterly rise in 17 years.

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Official interest rates may fall by Christmas

A cut in official interest rates by the end of the year is a real prospect if tomorrow's consumer price index (CPI) data for the June quarter surprise on the low side. 

The producer price index (PPI) at the final stage of production rose only 1 per cent in the June quarter, for an annual rise of 4.7 per cent, the Australian Bureau of Statistics said yesterday.

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