Australia CPI preview - CBA expect "Headline inflation in August back within RBA’s target" ...Middle East

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Australia CPI preview - CBA expect Headline inflation in August back within RBA’s target
A preview of the August CPI data due from Australia on September 25 from Commonwealth Bank of Australia. We expect the monthly CPI indicator to show inflation eased to 2.7%/yr in August, within the RBA’s headline inflation target. A large 16% /mth fall in electricity prices is the key expected driver. But disinflation in other CPI categories, amid a spending contraction and softer wages growth, as well as base effects from a year ago play a large role. Such an outcome would be in line with timely survey measures that look constructive for Q3 24 inflation.CBA adds that the lower inflation result they expect for the month corroborates "the evidence for disinflation seen in the various

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