A lot still rides on the next set of inflation figures to be released in the coming week. The June quarter 2024 CPI figures, released in July, showed the rate of annual inflation slowing to 3.3% from 4.0% in the March quarter. It's universally expected that the September quarter figures are going to show an annual inflation figure of under 3%. Remember that in June 2022 the annual inflation rate actually got as high as 7.3% and it made its way back down only slowly at first. Well, a 'headline' annual inflation rate as close to the targeted 2% 'midpoint' of the 1% to 3% range as possible would be very encouraging.

Source: Stuff October 13, 2024 06:03 UTC