Australia Q4 Headline CPI 1.9% q/q (expected 1.6%)

Q4 2022 inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term data from Australia. Headline and both of the core measures are all above expected.

Headline 1.9% q/q

-expected 1.6% q/q, prior 1.8%

For the y/y, 7.8%

-expected 7.5%, prior 7.3%

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Core inflation: Trimmed mean

1.7% q/q

-expected 1.5% q/q, prior 1.8%

6.9% y/y

-expected 6.5% y/y, prior 6.1%

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Core inflation: Weighted median

1.6% q/q

-expected 1.4% q/q, prior 1.4%

5.8% y/y

-expected 5.5% y/y, prior was 5.0%

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AUD/USD has popped on the data. Strong inflation like this argues for a rate hike from the Reserve Bank of Australia at its February 7 meeting. There have been some expectations of a February pause, this data makes that unlikely.