Australian inflation data for April to June 2021
Headline
- 0.8% q/q vs. expected 0.7% q/q, prior 0.6%
- For the y/y 3.8% vs. expected 3.8%, prior 1.1% .... 3.8% is the highest since 2008
Core inflation: Trimmed mean (RBA target band is 2-3%
0.5% q/q expected 0. 5% q/q, prior 0.3%
1.6% y/y expected 1.6% y/y, prior 1.1%
Another core measure is the 'weighted median':
- 0.5% q/q vs. exp. 0.5% & prior 0.4%
- 1.7% y/y (1.6 and 1.1% respectively)
Its the core rate of interest to the Reserve Bank of Australia, and its still under target. But its headline, 3.8%, that'll grab the headlines in the media and be of interest to the politicians. "Inflation highest in 13 years" will be a leader in some rag or another .... count on it.
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