Australian CPI data from the ABS is only out once a quarter, si it's a bit of a big deal!

The 'headline' result is the q/q CPI for Q2:

  • expected is +0.4%,
  • prior was +0.5%

For the y/y, expected is 2.2%, prior 2.1%

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For the 'trimmed mean' (which is the measure the RBA pays most heed to): it is the 'core' inflation figure where the RBA target band is 2 -3%.

For the q/q:

  • expected 0.5%,

  • prior 0.5%

For the y/y:

  • expected is 1.8%, prior 1.9% ... as you can see the expected and the most recent are both below the target band. Not by much, but still.

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Finally, there is the 'weighted median' CPI:

  • For q/q: expected is 0.5%, prior was 0.4%

  • For y/y: expected is 1.7%, prior was 1.7% ... and ditto for below the target band

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