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. Read More Details
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