Australia’s customer value inflation remained at a two-year low of 3. 4% in February, contrary to expectations for a slight increase during the month.
Data from the Australian Bureau of Statistics (ABS) showed that, at 3. 4%, the monthly CPI indicator (a partial replica of the full quarterly index that includes more important points on services) was unchanged from January and below forecasts of 3. 5%.
A much-watched measure of core inflation, the truncated average, rose 3. 9% year-over-year, up from 3. 8% in January, but a limited core reading (relative to full quarterly CPI), excluding volatile items and holiday travel, slowed. to 3. 9 per cent, from 4. 1 per cent.
Knowledge of inflation will not affect the Reserve Bank’s thinking about interest rate levels.
The ABS said the biggest participants in February’s annual increase were housing (-4. 6%), food and non-alcoholic beverages (-3. 6%), alcohol and tobacco (-6. 1%) and insurance and money (-8. 4%).
“Excluding volatile factors from the monthly CPI indicator, the annual increase through February was 3. 9 per cent, up from 4. 1 per cent in January. Volatile drivers of annual inflation have continued to decelerate over the past 14 months, from a peak of 7. 2 percent in December 2022,” Michelle Marquardt, head of equity statistics at ABS, said on Wednesday.
Housing rose 4. 6% in the 12 months through February, unchanged from January, and within housing, rents rose 7. 6% for the year, up from 7. 4% in January, reflecting a tight rental market and low vacancy rates across the country.
New home costs rose 4. 9% year-over-year as developers passed on increased costs and labor. The annual increase in new home costs has been about 5% over the past six months, the ABS said.
“The rising costs of food and non-alcoholic beverages have slowed this month. The 3. 6 percent cumulative in the 12 months through February is lower than the 4. 4 percent cumulative annual in January.
“This month’s is the weakest annual expansion since January 2022, with costs in peak food categories moderating and, in some cases, such as meats and seafood and fruits and vegetables, falling,” the ABS said.
That, a month before Russia’s invasion of Ukraine, turned everything upside down, driving up the value of energy foods (especially grains and dairy) and driving up inflation across the board, which has spread throughout the economy.
Insurance and money were another headache, up 8. 4% in the 12 months through February.
“This is due to the insurance sector, up 16. 5 percent over the past 12 months, with premiums emerging across all types of insurance (motor vehicle, home and household contents) due to the increase in reinsurance costs, natural disasters and claims.
Prices for travel and vacation accommodations fell 1. 3 percent in the 12 months through February, following a 7. 1 percent year-on-year drop through January. This is due to the decline in travel and holiday accommodation in the country, although the ABS said Taylor Swift’s seven concerts in Sydney and Melbourne increase accommodation prices for the two beauties of the month.
Get updates delivered straight to your inbox.
Terms of Use | Privacy Policy | Contact | Mail
Overall Increases for Deep Leads Resources: Quality, Tonnage and Target Area ABx Group has reported a 30% increase in its Mineral Resource Estimate (MRE) at the Deep Leads Ionic Adsorption Clay (IAC) rare earth deposit in northern Tasmania. The accumulation in MRE comes from 36 extension wells analyzed, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trading company, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat as Ford and Hanwa are in a position to engage in longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing, but they should, i. e. if Ford and Hanwa inject new capital into LKE, it will further reduce the risk of the financing of the assignment and thus ensure that LKE and Kachi are fully funded.
Two recent severity studies have particularly exceeded expectations and revealed the possibility of expanding the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade-long Tier 1 SOP production facility around Throssell Lake.
TMG is currently completing paints for the planned PFS in early 2023, adding the start of drilling in the third quarter of 2022, evaporation testing and permitting activities. The effects of these systems will affect the SFP and any long-term resource improvements.
SOP reference prices have risen to around 940 USD/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that every 10% accumulated in value effects at a cumulative $144 million in NPV of the $364 million allocation. The increase of approximately 70% during the scoping study implies an allocation NPV of approximately $1. 4 billion.
Despite the drop in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to record an improvement in its key industry indicators.
WT Financial Group Limited (WTL) is a fast-growing diversified monetary company founded in 2010 and indexed on the Australian Securities Exchange (ASX) in 2015. Their recommendations and product offerings are primarily provided through an organization of independent money advisors who act as legal representatives. . de WTL in connection with its broker organisation business Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisers in more than two hundred money advice firms across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive study report on ASX-listed biotech company Immutep Ltd (ASX: IMM). He was so inspired by IMM that Corporate Connect felt it was imperative to publish a follow-up report that valued the company. as the market did not see the great prospects of Eftilagimod Alpha (EFTI).
The follow-up report published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing it by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at A$2. 20.