News Article - Saleslink Group

Australia's CPI rose 0.9pc in June quarter

July 27, 2011

THE consumer price index (CPI) rose by 0.9 per cent in Australia in the June quarter, for an annual inflation rate of 3.6 per cent, official data shows.

Economists' forecasts for the headline consumer price index (CPI) had centred on a rise of 0.8 per cent in the quarter, for an annual pace of 3.5 per cent.

The trimmed mean CPI rose 0.9 per cent in the June quarter, for an annual growth rate of 2.7 per cent, data from the Australian Bureau of Statistics showed.

The weighted median CPI rose 0.9 per cent in the June quarter, for an annual rise of 2.7 per cent.

The ABS calculates the trimmed mean and weighted median measures on behalf of the Reserve Bank of Australia (RBA), which uses them to gauge the underlying trend in inflation.

To read the full story, follow this link: www.news.com.au/breaking-news/australias-cpi-rose-09pc-in-june-quarter/story-e6frfku0-1226102640219

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