Australia – Q2 CPI
The ‘headline’ result is the q/q CPI: +0.5%
- expected +0.5%,
- prior was +0.6%
For the y/y, +3.0%
- expected is +3.0%, prior +2.9%
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The ‘trimmed mean’ (which is the measure the RBA pays most heed to):
For the q/q: +0.8%
- expected +0.6%,
- prior +0.6%, revised from +0.5%
For the y/y: +2.9%
- expected is 2.7%, prior 2.6%
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Finally, there is the ‘weighted median’ CPI: +0.6% q/q
- For q/q: expected 0.7%, prior was 0.6%
- For y/y, in at +2.7%: expected 2.7%, prior was 2.7%
———-
AUD marked higher immediately.
Adam nailed this in his preview: Preview: Will inflation data finally get AUD/USD moving?
