Economic calendar in Asia - Monday, 1 May 2023

Data from Australia and Japan feature today.

None of it is likely to be market moving to much extent. The 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 info from Australia is interesting though, a first look at Q2 CPI from the privately surveyed gauge.

• The Melbourne Institute Inflation Gauge is produced by the Melbourne Institute of Applied Economic and Social Research at the University of Melbourne. Its a well-respected early indication of inflationary trends in the Australian economy, closely monitored by policymakers. It predates the Australian Bureau of Statistics' monthly CPI measure by many, many years and has a strong track record.

Today we get April data. For March the TD / Melbourne Institute monthly CPI inflation gauge showed;

Headline:

• 0.3% m/m and 5.7% y/y

Trimmed mean:

• 0.4 m.m and 5.2% y/y
• the monthly inflation data that comes from the Australian Bureau of Statistics doesn't include trimmed mean core inflation.

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 there is a number, is the consensus median expected.