I’ll be back with a preview of the Q1 CPI due from Australia today, it is a very significant data point for the AUD. Its coming up at 11.30am local time, 0030GMT. in brief:

Q1 2014 CPI

The ‘headline’ result is the q/q CPI for Q1:

  • expected is +0.8%,
  • prior was +0.8%

For the y/y:

  • expected is 3.2%, prior 2.7%

–

For the ‘trimmed mean’ (which is the measure the RBA pays most heed to): it is the ‘core’ inflation figure where the RBA target band is 2 -3%.

For the q/q:

  • expected 0.7%,

  • prior 0.9% q/q

For the y/y:

  • expected is 2.9%, prior 2.6%

–

Finally, there is the ‘weighted median’ CPI:

  • For q/q: expected is 0.7%, prior was 0.9%

  • For y/y: expected is 2.9%, prior was 2.6%

–

Like I said, I’ll be back with a preview soon, with what to watch out for.