Inflation data for Q4 2018 from Australia

CPI Headline:

0.5 % q/q

  • expected 0.4% q/q, prior 0.4%

1.8 % y/y

  • expected 1.7% y/y, prior 1.9%

-

Trimmed mean (a core measure)

0.4 % q/q

  • expected 0.4% q/q, prior 0.4%

1.8 % y/y

  • expected 1.8% y/y, prior 1.8%

-

Weighted median (also a core measure)

0.4 % q/q

  • expected 0.5% q/q, prior 0.3%

1.7 % y/y

  • expected 1.7% y/y, prior 1.8%, revised from 1.7%

Of those three the trimmed mean is the most closely watched. the weighted median is the other 'core' rate meaure. Both have come in unchanged from Q3.

AUD has had a pop on the 'headline' result, which has come in higher q/q and lower y/y compared to Q3.

Tradeables inflation 0.6% y/y

  • Non-tradeable 2.4% y/y

Trimmed mean graph, flatlining after mutli year down trend:

ozzn Australian core inflation graoh

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For background to this: