IFF Management Analysts Offer Market Report Insight on Australia’s Inflation Trends
Perth, Australia – 04/03/2024 – (SeaPRwire) – Analysts at IFF Management have analysed the latest data released by the Australian Bureau of Statistics, revealing that Australia’s consumer price inflation has maintained a two-year low in January. Contrary to market expectations of a modest uptick, the monthly consumer price index (CPI) data unveiled an annual pace of 3.4 per cent in January, aligning closely with December figures and falling below market projections of 3.6 per cent.
The trimmed mean, a pivotal measure of core inflation, exhibited a marginal decline, slipping from 4.0 per cent in December to 3.8 per cent in January. These trends indicate a persistent subdued level of inflation, prompting market sentiments to lean towards the Reserve Bank of Australia (RBA) maintaining it...