Australia 3Q Consumer Prices Rise 2.3%

The video discusses the slight rise in the consumer price index (CPI) for the third quarter, noting a 0.5% increase quarter-on-quarter, resulting in a stable 2.3% year-on-year figure. The dollar initially fell but quickly recovered. There were expectations of a CPI drop due to the carbon tax repeal, but this did not materialize. The Reserve Bank of Australia closely monitors these figures for cash rate decisions, with the current inflation rate at the lower end of their target band.

What was the quarter-on-quarter increase in the consumer price index for the third quarter?

• 0.3%

• 0.5%

• 1.0%

• 2.3%

What was the year-on-year figure for the consumer price index?

• 3.0%

• 2.3%

• 2.0%

• 1.5%

What was the initial market reaction of the dollar to the new figures?

• It fluctuated slightly

• It fell steeply

• It remained stable

• It rose sharply

What was the expectation regarding consumer prices after the carbon tax repeal?

• Prices would remain unchanged

• Prices would fluctuate

• Prices would rise

• Prices would fall significantly

What is the Reserve Bank of Australia's target band for inflation?

• 4% to 5%

• 1% to 2%

• 2% to 3%

• 3% to 4%