Australian month-to-month CPI (October) 2.1% y/y (vs. 2.three% anticipated)

Is available in decrease than anticipated at 2.1%

• anticipated 2.three%, prior 2.1%

The core studying, trimmed imply, has are available in at three.5% y/y … which is ugly

• up from the prior of three.2%

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Preview of, and background to, this knowledge level is right here:

• Australian CPI due on the backside of the hour – what to anticipate and why its not official

The TL;DR model is that the month-to-month CPI knowledge from Australia doesn’t present all elements of the CPI, that’ll have to attend for the quarterly knowledge launch (late in January).

• The month-to-month CPI indicator does, nevertheless, present a timelier indication of inflation utilizing the identical knowledge collected to be used within the quarterly CPI. The month-to-month studying consists of up to date costs for between 62 and 73 per cent of the load of the quarterly CPI basket, its not the complete image.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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