Australian Q4 2024 inflation headline 2.4% y/y (expected 2.5%) ...Middle East

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Headline inflation numbers come in lower than expected.

expected 2.5%, prior 2.8%

+0.2% q/q

expected 0.3%, prior 0.2%

3.2% y/y

expected 3.3%, prior 3.5%

expected 0.6%, prior 0.8%

The weighted median, also a core measure:

expected 3.5%, prior 3.8%

The trimmed mean is a focus, and at 0.5% this under where the Reserve Bank of Australia was expecting it.

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Background info to this is here:

Australian inflation data due soon - RBA rate cut speculation for February meetingCritical Australian inflation data - likely to tick the RBA rate cut box? This article was written by Eamonn Sheridan at www.forexlive.com.

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