The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. The QI CPI figures should confirm that the underlying pulse of inflation in Australia remains weak. Soft wages growth, underpinned by elevated spare capacity in the labour market, means that core inflation will once again print sub-2%pa. But headline inflation is expected to lift to within the RBA’s 2-3%…
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