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Australia
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Aussie inflation lower than forecast at 3.4%

The RBA forecasts inflation will return to its 2 to 3% target next year

Australian wages are now increasing at a faster rate than inflation.

Australia’s monthly inflation rate has remained stable at 3.4% in January in a result which points towards the Reserve Bank of Australia leaving interest rates on hold at its next meeting in March.

The Australian Bureau of Statistics now reports inflation data monthly, and the 3.4% CPI print for

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Lachlan Colquhoun Wed, 28 Feb 2024
Contact the Writer: lachlan@nbr.co.nz
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Aussie inflation lower than forecast at 3.4%
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