Australian inflation data for Q2 2022 is due Wednesday 27 July - preview

CPI data from Australia for the April to June quarter:

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where is a number, is the consensus median expected.

As I posted earlier:

• The 'trimmed mean' in the pic above is a measure of core 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. The RBA target band for core inflation is 2 to 3% over the course of a cycle (that's a summary of the target). The RBA is forecasting core inflation to drop back into the target band in 2023. I think you will find most people agree that RBA CPI forecasting is appallingly woeful.

CPI preview via ASB in New Zealand:

• We expect the consumer price index (CPI) rose by 1.9% in the quarter, to take the annual rate of CPI inflation to 6.2%/yr. We anticipate higher petrol prices, as well as continued rising food, housing, and energy costs to be some of the key drivers of the increase.
• If the CPI prints broadly in line with our forecast, we expect the RBA to increase the cash rate by 50 basis points at the August Board meeting next Tuesday.