The Trader 

Market Outlook: Australian inflation dips

The Trader

Today Australia’s statistics office published quarterly inflation data showing CPI was flat in the first 3 months of this year, taking the annualised rate down to 1.3 per cent from 1.8 per cent growth in the last 3 months of 2018; the weighted and trimmed means came in at 1.6 and 1.4 per cent annualised, respectively. This is the lowest CPI has been since September 2016 and compares to a recent high at 2.1 per cent in March 2017. Worth noting that CPI grew at 1 per cent only in Q2 2016 and Q2 1999, and has been negative only twice: -0.4 per cent in Q3 1997 and -1.3 per cent in Q2 1962.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now