Australia's CPI rises 3.4% YoY in February 2024
27 Mar 24 1 min read
Insights
- Australia's CPI increased 3.4 per cent YoY to February 2024, with clothing and footwear sector seeing an increase of 0.8 per cent.
- CPI in garments sector rose by 2.3 per cent.
- Excluding volatile items, the CPI grew 3.9 per cent annually, indicating a slowdown from January's 4.1 per cent and a decline from December 2022's peak of 7.2 per cent.
On a monthly analysis, the clothing and footwear CPI also saw a rise of 0.8 per cent in February, as per ABS.
However, when volatile items are excluded, the overall monthly CPI indicator shows a 3.9 per cent annual increase to February, a slight deceleration from the 4.1 per cent rise to January. This marks a continued slowdown in inflation excluding volatile items over the past 14 months, down from a peak of 7.2 per cent in December 2022.
Advertisement
Fibre2Fashion News Desk (DP)
Related News
- Australian retail sales continue downward trend in March quarter
- Vietnam on rough recovery trajectory in Apr 2024: HSBC report
- Vietnam and Australia join forces to combat customs violations
- German brand Adidas Originals & Korn unveil second joint collection
- Bank of England keeps interest rates unchanged at 5.25%
- Bangladesh central bank hikes policy rate by 50 bps to 8.5%
Popular News
|
|
Cotton yarn prices down in Delhi, sentiments weak in north India |
|
|
ICE cotton resilient amid market uncertainties; eyes on key reports |
|
|
ADB & Citi partner to boost SME Trade finance across Asia-Pacific |
|
|
Vermont moves to ban hazardous chemicals in textiles & other goods |
|
|
Global fashion firms achieve progress in sustainability goals: Report |
|
|
Finnish company Marimekko & Uniqlo present summer 2024 collaboration |
