Wednesday 25th January 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.

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

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