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Australia's Aug Core CPI Rises 0.3% MoM, 3.6% YoY
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The Reserve Bank of Australia's (RBA) preferred measure of underlying inflation, the CPI weighted median, rose 0.3% in August from the previous month, according to data reported by RTRS. On an annual basis, the August CPI weighted median increased by 3.6% compared to the same period last year. This data point is closely watched by the RBA as it assesses the trajectory of inflation for monetary policy decisions. The figures provide a snapshot of core price pressures in the Australian economy, excluding volatile items, and will be factored into the central bank's outlook on interest rates.
Source report
The Reserve Bank of Australia (RBA) reported that the August CPI weighted median increased by 0.3% compared to the previous month.
On an annual basis, the CPI weighted median rose by 3.6% from the same period last year.
Source
rtrsWestern
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