Analysts at Commonwealth Bank of Australia on yesterday's Australian inflation data and what it means for the Reserve Bank of Australia.The December quarter CPI was below market expectations on both the headline and underlying measures. Importantly for the outlook for monetary policy , it was materially below the RBA’s forecasts .The December quarter CPI was below market expectations on both the headline and underlying measures. Importantly for the outlook for monetary policy, it wasmaterially below the RBA’s forecasts.The headline CPI rose by 0.6 % /qtr in Q4 23 and the annual rate dropped to 4.1 %.The trimmed mean CPI increased by 0.8 %/qtr and the annual rate stepped down to 4.2
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