I’ll be back with a preview of the Q1 CPI due from Australia today, it is a very significant data point for the AUD. Its coming up at 11.30am local time, 0030GMT. in brief:
Q1 2014 CPI
The ‘headline’ result is the q/q CPI for Q1:
- expected is +0.8%,
- prior was +0.8%
For the y/y:
- expected is 3.2%, prior 2.7%
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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 0.7%,
prior 0.9% q/q
For the y/y:
expected is 2.9%, prior 2.6%
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Finally, there is the ‘weighted median’ CPI:
For q/q: expected is 0.7%, prior was 0.9%
For y/y: expected is 2.9%, prior was 2.6%
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Like I said, I’ll be back with a preview soon, with what to watch out for.
