Australia – Q2 PPI: -0.1% q/q (prior was +0.9%)

Q2 PPI:

For the q/q, -0.1%

• prior was +0.9%

For the y/y, +2.3%

• prior was +2.5%

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The PPI figure only come out once a quarter in Australia

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Yowza …. AUD marked lower. CPI is thought to have peaked (or be close to doing so) … the PPI suggesting this may well be the case.