This takes a potential Reserve Bank of Australia rate hike at the August 5 and 6 meeting of
The other measure of core inflation is ‘weighted median’:
0.8% q/q
expected 1.0%, prior 1.0%
4.1% y/y
expected 4.3%, prior 4.4%
This takes a potential Reserve Bank of Australia rate hike at the August 5 and 6 meeting off the table
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The monthly CPI data from Australia does not show all components of the CPI.
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Background to this data is here:
Three scenarios to watch for the Reserve Bank of Australia outcomeAustralia Q2 CPI preview – “June CPI should not close the door on a rate cut”
This article was written by Eamonn Sheridan at www.forexlive.com.
