Australian August monthly inflation data 5.2% y/y (vs. 5.2% expected)

Australian August monthly CPI 5.2% y/y

• expected 5.2%
• prior 4.9%
• the m/m rise was 0.6% from 0.3% in July

For core measures:

August CPI excluding Fruit and vegetables, Automotive fuel, and Holiday travel and accommodation 5.5% y/y

• prior 5.8% in July
• this drip lower in underlying inflation will be welcomed by the RBA

Trimmed mean CPI 5.6%

• prior also 5.6%