The trend is consistent across Sydney's metropolitan area, with housing costs, petrol prices, and services inflation driving the headline figure.
Business & Markets Desk is a contributing writer covering business and public affairs for The Sydney Times.
Sydney inflation remains above the RBA target band, with the September rate decision expected to address rising prices. The Australian Bureau of Statistics has released updated monthly CPI data.
The Australian Bureau of Statistics monthly consumer price indicator has remained above the RBA's 2 to 3 percent target band. The trend is consistent across Sydney's metropolitan area, with housing costs, petrol prices, and services inflation driving the headline figure. The Reserve Bank of Australia's rate decisions continue to influence inflation expectations.
The RBA's rate decision on 29 September will be the next major catalyst for inflation expectations. Financial markets are pricing a 25 basis point increase to 4.85 percent. Higher interest rates are expected to reduce demand and bring inflation back towards the target band over the medium term.
The RBA's rate decision will be the next major catalyst for inflation expectations. The Reserve Bank of Australia publishes monetary policy decisions. The Australian Bureau of Statistics releases monthly CPI data.
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The Reserve Bank of Australia publishes monetary policy decisions at Reserve Bank of Australia. The Australian Bureau of Statistics releases monthly CPI data at Australian Bureau of Statistics.
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