Data from Australia, April to June inflation is due on Wednesday 25 July 2018 at 0130GMT
Please allow me to distract you from trashing the yuan just for a few moments with this preview
Oh, earlier preview is here:
- AUD traders - heads up for Q2 inflation data due this week (July 25)
More now, this via Westpac (in brief):
- we anticipate another 0.4% print, lifting the annual figure to 2.1%
- core …. We anticipate 0.5%qtr, 1.9%yr
- In short, inflation is at the bottom of the RBA's target band at a time of weak wages growth, intense competition across retail and supermarkets, as well as a housing slowdown
And, via CBA (in brief):
- Inflation in Australia is still soft although the inflationary pulse is lifting
- We expect headline i0.6%, bringing the annual rate to 2.3% and comfortably within the RBA's 2-3% target range
- we expect to see that underlying inflation pressures are fairly soft, with a 0.5% rise in the quarter, annual rate at 1.9%
- A large lift in petrol prices is expected to explain most of the difference between the headline and underlying inflation rates
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Thank you for your attention, back to the yuan beating.
