Market news

28 October 2020

Australia Q3 inflation climbs to 0.7% on year

RTTNews reports that according to the report from the Australian Bureau of Statistics, Consumer prices in Australia were up 0.7 percent on year in the third quarter of 2020, in line with expectations, following the 0.3 percent decline in the previous three months.

On a quarterly basis, inflation climbed 1.6 percent following the 1.9 percent contraction in the three months prior. Economists had expected a 1.5 percent increase

The RBA's trimmed mean was up 0.4 percent on quarter and 1.2 percent on year after slipping 0.1 percent on quarter and gaining 1.2 percent on year in Q2.

The RBA's weighted median was up 0.3 percent on quarter and 1.3 percent on year after rising 0.1 percent on quarter and 1.3 percent on year in the previous three months.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.