Australian Q4 headline CPI 4.1% y/y vs 4.3% expected ...Middle East

This data will be very welcome at the Reserve Bank of Australia - headline and underlying inflation both falling in Q4 of 2023.As well as 'trimmed mean' there is another measure of core inflation, the 'weighted median':0.9% q.qvs. 1.0% expected and prior of 1.3%4.4% y/yvs. 4.5% expected and 5.2% prior***This data is strongly indicative that the Reserve Bank of Australia rate hike cycle is over. The RBA next meets on February 5 and 6. I expect it'll be an on hold decision. This article was written by Eamonn Sheridan at www.forexlive.com.

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Australian Q4 headline CPI 4.1% y/y vs 4.3% expected ...Middle East

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