Unofficial monthly CPI data from Australia

0.4% m/m and 2.1% y/y

  • priors were 0.1% m/m and 1.7% y/y,

2.1% y/y puts the rate back into the RBA target band! But wait … there's more ….

Trimmed mean:

  • 0.4% m/m and 1.6% y/y

The 'trimmed mean' is a core measure, and it the core that the RBA want in the bank. More work to do then.

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And, just to note, again.

This is only a monthly guide, albeit a good one. Official CPI data from OZ in only once a quarter.