Cpi Index 2024 Australian Economy. The australian bureau of statistics (abs) said july’s cpi fall reflected the federal government’s $300 energy bill relief fund rebate, which has reduced the cost of electricity for households. The monthly cpi indicator increased 3.5% over the year to july, down from 3.8%yr in june.
The immediate financial market response was to bring forward the timing of the first rate cut. The consumer price index (cpi), released by the australian bureau of statistics on a quarterly basis, measures the changes in the price of a fixed.
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