The Australian Bureau of Statistics will release the September quarter CPI data, which is expected to see annual headline inflation to fall, but underlying measures remain above the Reserve Bank's 2-3 per cent target band. Wall Street finished mixed, and the ASX falls slightly at the open. Follow the latest updates in our live blog.
The Australian Bureau of Statistics will release the September quarter CPI data, which is expected to see annual headline inflation to fall, but underlying measures remain above the Reserve Bank's 2-3 per cent target band.We'll bring you the latest on what's happening on the markets throughout the day in our live blog .Inflation data is out and it appears to show price pressures are easing off, with Australia's annual inflation rate falling to 2.8%, down from 3.8% mid-year.
. These competitive factors together with strong eCommerce growth is leading to a lower margin sales mix which has impacted earnings'." "Fruit and vegetables moved back into modest inflation in the quarter due to cycling a period of abundant supply in the previous year," Woolworths said in its report.
Groceries are, of course, a very significant item in the CPI, given that's where a large part of most households' budgets are spent. Google's parent company Alphabet is worth $US2 trillion dollars . As well as search, Google and its parent company Alphabet are big players in email, Android phone sales, streaming platform YouTube, the internet browser Chrome, and it is pushing into artificial intelligence .
Alphabet, one of the so-called "Magnificent Seven" megacap technology stocks, rose ahead of its earnings report.
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