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Australia Inflation Rises 0.2% On Quarter In Q4

RTTNews | 167 days ago

Australia Inflation Rises 0.2% On Quarter In Q4

(RTTNews) - Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Wednesday - shy of forecasts for 0.3 percent but unchanged from the previous quarter.

Individually, prices for recreation and culture were up 1.5 percent and alcohol and tobacco rose 2.4 percent. These were offset by losses among housing and transportation, both down 0.7 percent.

On an annualized basis, inflation rose 2.4 percent - also missing forecasts for 2.5 percent and down from 2.8 percent in Q3.

The trimmed mean added 0.5 percent on quarter and 3.2 percent on year, both down from 0.8 percent on quarter and 3.5 percent on year in the three months prior.

The weighted mean was up 0.5 percent on quarter and 3.4 percent on year, also down from 0.9 percent on quarter and 3.8 percent on year in the third quarter.

Tags: AUD

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Australia Building Permits Climb 3.2% On Month In May

Australia Building Permits Climb 3.2% On Month In May

The total number of building permits issued in Australia was up a seasonally adjusted 3.2 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at 15,212.

RTTNews | 5 days ago

Australia Central Bank Unexpectedly Maintains Status Quo

Australia Central Bank Unexpectedly Maintains Status Quo

The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.

RTTNews | 6 days ago

Australia Manufacturing Sector Ebbs In June - S&P Global

Australia Manufacturing Sector Ebbs In June - S&P Global

The manufacturing sector in Australia continued to expand in June, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 50.6.

RTTNews | 14 days ago

Australia Inflation Eases In May

Australia Inflation Eases In May

Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.

RTTNews | 19 days ago

Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.

RTTNews | 34 days ago

Australia GDP Adds 0.2% On Quarter In Q1

Australia GDP Adds 0.2% On Quarter In Q1

Australia's gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Australian Bureau of Statistics said on Wednesday.

RTTNews | 40 days ago

Australia Services PMI Ebbs In May - S&P Global

Australia Services PMI Ebbs In May - S&P Global

The services sector in Australia continued to expand in May, albeit it at a slower pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 50.6.

RTTNews | 41 days ago

Australia Manufacturing PMI Slows In May - S&P Global

Australia Manufacturing PMI Slows In May - S&P Global

The manufacturing sector in Australia continued to expand in May, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.0.

RTTNews | 43 days ago

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