The Australian Bureau of Statistics (ABS) has recently released inflation figures for September 2019 quarter that showed an increase of 0.5% in headline CPI. Although the CPI data was in line with economists’ projections, it was lower than the rise of 0.6% observed in the prior quarter.
The data also highlighted the following:
- The annual CPI inflation soared 1.7%.
- The most significant price increase was in international holiday, travel and accommodation, wherein prices climbed 6.1%.
- The most significant price decline was in automotive fuel, wherein prices fell by 2%.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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