Breaking: Australia’s CPI inflation holds steady at 1.0% QoQ in Q2 vs.1.0% expected

Australia’s Consumer Price Index (CPI) rose 1.0% in the second quarter (Q2) of 2024, compared with the 1.0% increase seen in the first quarter, according to the latest data published by the Australian Bureau of Statistics (ABS) on Wednesday. The market consensus was for a growth of 1.0% in the reported period.

Annually, Australia’s CPI inflation rose to 3.8% in Q2 2024 from the previous print of 3.6% and in line with the market consensus of 3.8%.