December CPI numbers out today

Australia’s Consumer Price Index figures for the December quarter will be released today, and they expect the economy to slow down throughout the year.

Quarterly inflation is projected to increase by 1.6 per cent during the December quarter. In the September quarter, the annual inflation rate was 7.3 per cent; it is expected to increase to 7.6 per cent.

The Reserve Bank believed that inflation could’ve peaked at approximately 8 per cent in the December quarter.

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