Australia Inflation Adds 0.2% On Quarter In Q3

(RTTNews) - Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.

That was shy of expectations for an increase of 0.3 percent and down from 1.0 percent in the previous three months.

On an annualized basis, inflation climbed 2.8 percent - exceeding forecasts for 2.3 percent and down from 3.8 percent in the second quarter.

The trimmed mean was up 0.8 percent on quarter and 3.5 percent on year, while the weighted mean was up 0.9 percent on quarter and 3.8 percent on year.