Jan 25, 2012

Inflation still moderate

by Alan Thornhill

Ausstralia’s underlying inflation rate rose 0.6 per cent in the December quarter, leaving annual inflation on this measure within Reserve Bank target rates, at 2.6 per cent.

This makes another rate cut even more likely in February.

Australia’s headline inflation remained unchanged in the December quarter.

The Australian Bureau of Statistics, which produced these figures, said that left the nation’s headline inflation rate at 3.1 per cent in the 12 months to the end of December.

Please visit our sponsor

Profile

Alan Thornhill is a parliamentary press gallery journalist. Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.

The Latest

23rd February 2012

The Dow Jones index fell 26.94 points to 12,938.80

Headlines

Prime Minister Julia Gillard likely to call a leadership ballot Monday, when she meets reporters later today.

THE MARKETS

All Ordinaries	4361.000	-11.100	-0.25%
S&P 500	1357.66	-4.55	-0.33%
Aud To Usd	1.0646	N/A	N/A

Bhp Blt Fpo	36.110	-0.300	-0.82%
Anz Bank Fpo	22.020	-0.120	-0.54%
Suncorp Fpo	8.050	-0.200	-2.42%
Origin Ene Fpo	14.080	+0.290	+2.10%
Amp Fpo	4.175	-0.085	-2.00%