Australia Macro Updates

The One Stop Portal for Australia Macroeconomic Data. Simplified and Summarized!

We simplify and summarize key data so that you don’t have to spend hours reading confusing and long media releases. Read key economic releases and major events here in under 2 minutes. And we will explain the key takeaway for you. Stay informed and form a robust view on macroeconomic matters to aid your successful investment decisions

31st Jan 2024

Monthly CPI Indicator

Key takeaway: Australia’s monthly CPI indicator eased once again in December and this time by a very significant margin. The y-o-y CPI slowed from 5.6% in September to 4.9% in October and 4.3% November to finally the latest reading of 3.4% December. Similar to the US and some other developed economies, the largest contributor to the annual CPI continues to be the housing component. Needless to say there are differences between each country on how the shelter component is calculated and computed into the CPI. New dwelling prices increased 5.1% in the 12 months to December. While the rate of growth has eased substantially from the high of 22% in mid 2022, it is still substantially high from the perspective of the Australian Reserve Bank. Rent prices also accelerated from 7.1% November to 7.4% in December. The structural shortage in Australia’s housing market continues to reflect in the CPI data. Insurance and financial services CPI also continued to remain very high at 8.2%. On the balance though, the trend line for Australia’s CPI continues to be downwards.  

10th Jan 2024

Key takeaway: Australia’s monthly CPI indicator eased once again in November. The y-o-y CPI number which is released monthly slowed from 5.6% in September to 4.9% in October to 4.3% in the latest reading for November. Similar to the US and some other developed economies, the largest contributor to the annual CPI continues to be the housing component. Needless to say there are differences between each country on how the shelter component is calculated and computed into the CPI. New dwelling prices increased 5.5% in the 12 months to November. While the rate of growth has eased substantially from the high of 22% in mid 2022, it is still substantially high from the perspective of the Australian Reserve Bank. Rent prices also accelerated from 6.6% in October to 7.1% in November. The structural shortage in Australia’s housing market continues to reflect in the CPI data. On the balance though, the trend line for Australia’s CPI continues to be downwards.