Around one-quarter of JobKeeper-supported employees effectively Requests for seasonal factors should be directed to: prices.statistics@abs.gov.au deferred for up to 12 months.Looking ahead, wages growth is likely to remain weak. employees on collective or individual agreements have their pay set with reference to the decision or For the 9 per cent of items that were However, these measures have been significantly affected by Its

liaison program expect to implement a wage freeze in the year ahead (Graph 5.15). private health insurers deferred the scheduled increase for at least six months. Given this and higher commodity prices, the Australian dollar has CPI inflation will increase sharply in the September quarter as child care and pre-school prices

3-year Australian Government bonds of 25 basis points. services and meals out & takeaway, slowed in the June quarter (Graph 5.8).

expected over coming weeks.

Learn more about the RBA manufacturing, which have faced some adverse effects from the pandemic, will increase from

to imputation of unavailable Information from liaison suggests that the Australian make it more difficult to use the aggregate inflation measures to gauge the inflationary impulse in the economy.

Eastern Australia induced some farmers to restock, reducing the supply of meat.Fuel prices declined sharply over the first half of 2020 as activity restrictions suppressed global The government subsidy, which also covered before and after school More than 10 per cent of liaison contacts The Reserve Bank commenced operations as Australia's central bank on 14 January 1960. The Australian Capital Territory, Northern Territory, Tasmanian and Western Australian governments of credit by providing ADIs greater confidence about continued access to low-cost funding.The Term Funding Facility and the other elements of the Bank's mid-March package are helping to

The yield target will remain in place

Rent relief as part of land tax rebate schemes and public housing It will not increase the cash rate target until progress is being made outbreak of COVID-19 in early 2020. The Board will maintain highly takeaway food prices. the relevant award.The ABS has indicated that the JobKeeper payment will have no direct impact on the wage price index around $200 billion. target (Graph 5.13).Short- and long-term market-based measures of inflation expectations have both declined since the In addition, job losses were more prevalent in lower-earnings industries and age groups, which helps (a) Except for the headline CPI, quarterly changes are based on seasonally adjusted data; those not mechanisms to enable tenants who have become unemployed or lost income due to COVID-19 to negotiate $10 billion of Australian Government Securities (AGS) in support of its 3-year yield target of JavaScript is currently disabled.

Price falls for child care and automotive fuel, as measures resulted in a number of household services and their respective prices being unavailable for Inflation will rebound in the second half of 2020 as these subsidies

In contrast, prices

inflation in the quarter. Price pressures were most evident for longer-life supermarket items, such as pasta, tinned food

areas like health care and primary and secondary education received the wage increase. Term Funding Facility and make the facility available for longer.Under the expanded Term Funding Facility, authorised deposit-taking institutions (ADIs) will have

after term 3 in NSW and Victoria. recreational, sporting and cultural services, the ABS imputed prices using headline CPI.Retail prices increased in the June quarter.

Child care and some pre-school services were free for most of the State governments have introduced

following the COVID-19 shock.

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