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Tag Name: inflation

Growth in services process keeping inflation elevated

Price growth remains stubbornly high, with the Australian Bureau of Statistics reporting an inflation rate of 3.4% in January, the same as the month before.   The Reserve Bank of Australia (RBA) has been trying to reduce inflation to its target range of 2-3%, by raising interest rates to slow demand and reduce spending. Inflation […]

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Inflation falls for the forth consecutive quarter

The Reserve Bank is nowhere near declaring victory in the war on inflation, but the data suggests we’re closer to the end than the beginning.   Inflation fell to 4.1% in the December 2023 quarter, compared to 7.8% the previous year, according to the Australian Bureau of Statistics.   The Reserve Bank has forecast inflation […]

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