Monthly Archives: June 2024

  • Monetary policy meeting minutes

    Brett Craig
    June 4, 2024

    The monthly consumer price index (CPI) indicator released last week reported a 3.6 per cent increase in the 12 months to April. This follows the 3.5 per cent increase reported in March. We have seen relative stability in the rate of inflation since December 2023, albeit with slight upticks reported in the past two months. This data will be a key point for discussion at the Reserve Bank of Australia’s (RBA’s) next meeting on the 17th of June. Continue…

    by Brett Craig Posted in Aura Group, Economics.

  • Central Banks just can’t control the weather 

    David Buckland
    June 3, 2024

    Australia’s annual inflation rate edged up to 3.6 per cent in April, and this included food price inflation of 3.8 per cent. And according to the U.S. Bureau of Labor Statistics, energy and food represents 7 per cent and 13 per cent, respectively, of the U.S. consumer price index (CPI), whilst commodities represent close to 36 per cent. That said, central banks in setting monetary policy, generally place less emphasis on the price changes of these more volatile inputs.  Continue…

    by David Buckland Posted in Economics.