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(MNI) Melbourne
Policy NewsCentral Bank NewsAPACAustraliaBriefStoryRBARegion

Australia’s monthly consumer price index (CPI) indicator rose 5.2% y/y in August, in line with market expectations and up from July’s 4.9%, according to Australian Bureau of Statistics data released Wednesday.

CPI excluding volatile items and holiday travel rose 5.5%, down from the rise of 5.8% in July, while annual trimmed mean inflation printed at 5.6%, flat against July. “The most significant price rises were housing (+6.6%), transport (+7.4%), food and non-alcoholic beverages (+4.4%) and insurance and financial services (+8.8%),” the ABS said.

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Australia’s monthly consumer price index (CPI) indicator rose 5.2% y/y in August, in line with market expectations and up from July’s 4.9%, according to Australian Bureau of Statistics data released Wednesday.

CPI excluding volatile items and holiday travel rose 5.5%, down from the rise of 5.8% in July, while annual trimmed mean inflation printed at 5.6%, flat against July. “The most significant price rises were housing (+6.6%), transport (+7.4%), food and non-alcoholic beverages (+4.4%) and insurance and financial services (+8.8%),” the ABS said.