Australia PPI for Q3 2022 +1.9% q/q (prior +1.4%)

Australia PPI for Q3 2022 +1.9% q/q

• expected 1.5%, prior +1.4%

6.4% y/y

• expected 6.4%, prior 5.6%

With consumer level inflation coming in hoit (see below) eyes are on other inflation indicators such as this.

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Earlier this week we had accelerating CPI from Australia:

• Australia's CPI comes in hotter than expected - in NZ inflation pressure remains 'intense'

It has not swayed too many analysts to expect the RBA to switch back to +50bp rate hikes:

• The Reserve Bank of Australia is expected to hike cash rate by 25bp next week