Comes in at 2.5 % y/y
expected 2.6%, prior 2.5%prior: 2.7%
That headline result is encouraging. Its under the median estimate and the same as the previous month. Its also bang in the centre of the Reserve Bank of Australia's 2 - 3 % target band. The RBA and government have an agreement to target the midpoint, so all good on that score.
Of course, I don't know how many times I say this, the monthly figure doesn't carry the weight of the official quarterly figure. For that we'll have to wait until later in April. Still, January is what we have to go on and its net encouraging.
***
The monthly CPI data from Australia does not show all components of the CPI, that'll have to wait for the quarterly data release (late in April).
The monthly CPI indicator does, however, provide a timelier indication of inflation using the same data collected for use in the quarterly CPI. The monthly reading includes updated prices for between 62 and 73 per cent of the weight of the quarterly CPI basket, its not the full picture. This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about australian monthly cpi january 2025 2 5 y y vs 2 6 expected was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Australian monthly CPI (January 2025) 2.5% y/y (vs. 2.6% expected) )
Also on site :