24/10 Indices, page-78

This what AFR posted and market did not like. Also interesting was Coles result, inflation +7%, sales up 1.3% on 1st qtr. People are economising it appears and buying less.

Headline inflation races 7.3pc annual in Q3, beats forecasts . Data from the Australian Bureau of Statistics showed: The Consumer Price Index (CPI) rose 1.8% in the September quarter. Over the twelve months to the September 2022 quarter, the CPI rose 7.3%.The most significant price rises were New dwelling purchases by owner-occupiers (+3.7%), Gas and other household fuels (+10.9%) and Furniture (+6.6%).The annual CPI movement of 7.3 per cent is the highest since 1990. The past four quarters have seen strong quarterly rises off the back of higher prices for new dwelling construction, automotive fuel and food. Trimmed mean annual inflation, which excludes large price rises and falls, increased to 6.1 per cent, the highest since the ABS first published the series in 2003.Economists polled by Reuters forecast the CPI to advance 1.6 per cent following a 1.8 per cent gain in the June quarter, taking the annual rate to 7 per cent. Last quarter, it accelerated to 6.1 per cent, the highest since 2001.Trimmed mean was forecast to rise 1.5 per cent in the quarter, lifting the annual pace to a fresh record of 5.6 per cent, the highest since the series started in 2003.