Australian CPI data for Q2
The 'headline' result is the q/q CPI for Q2: 0.7%
- expected +0.8%,
- prior was +0.2%
And, for the y/y, 1.5%
expected is 1.7%, prior 1.3%
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For the 'trimmed mean' (which is the measure the RBA pays most heed to):
For the q/q: 0.6%
expected 0.6%
prior 0.7%, revised from 0.6% q/q
For the y/y: 2.2% ....... well within the RBA target band (of 2-3%), indeed at the lower end of the band. Inflation is not a concern in Australia at present
expected 2.1%, prior 2.3%
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Weighted median' CPI:
0.5% q/q: expected is 0.6%, prior was 0.8%, revised from 0.6%
- 2.4% y/y: expected is 2.3%, prior was 2.5%, revised from 2.4%
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AUD a little higher in the post-release:
Note - USD is a little weaker across the board
