Australia PPI for Q2 +0.7% q/q (prior +0.4%)

Author: Eamonn Sheridan | Category: News

And for the y/y +2.2% (prior +0.2%) 

No-one pays a lot of attention to the PPI data from Australia each quarter. However, this 2.2% rise y/y is the fastest since 2014. If the inflation at producer level feeds through to consumer-level inflation perhaps it'll raise concerns at the Reserve Bank of Australia. Having said this there is a base effect at work in the y/y result. 

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