ASX rallies as inflation falls sharply to 5.6 per cent as Aussie dollar slumps | Finance Report

here's the Australian dollar today it was drifting when the monthly inflation came out and then it drove over a small cliff and here's today's all ordinary's index it was Rising before the CPI was released and then the Batmobiles afterburner was switched on but what is the inflation rate the 5.6 you've heard about was the change in the monthly consumer price index over the 12 months to

January is 0.24 per month or an annual rate of 2.8 percent inside There Is A bank's Target band of two to three percent so job done and if you drill in a bit further you'll find that not only has the monthly rate been steadily declining since November in May it was Zero average consumer prices did not change between April and May so memo The Reserve Bank

the most recent inflation rate in Australia is zero and finally without these seasonal adjustment Hocus Pocus that the ABS Wizards do the original Consumer Price Index may actually fell 0.4 percent deflation the share market finished with a rise of 1.2 percent today with solid gains by retailers Banks and miners the biggest rise was Latin resources which has struck lithium in Brazil the U.S market jumped 1.2

percent as well thanks to a Resurgence of tech stocks oil and gold fell while iron ore and most base Metals went up and the Australian dollar is 66 and a half us cents tonight down from 67.2 this time last night and that's Finance