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Australia Q3 inflation below RBA's comfort zone

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Bali) - Australia's CPI (QoQ) for Q3 came in at 0.5%, below forecasts of 0.6%, while the yearly reading came also below expectations at 1.5% vs 1.7% exp. As per Australia's RBA trimmed mean, CPI (QoQ) came in at 0.3%, below forecasts (0.5%), while RBA trimmed mean CPI (YoY) came at 2.1%, well below forecasts of 2.4%.

    Q3 Key Points - ABS

    THE ALL GROUPS CPI: rose 0.5% this quarter, compared with a rise of 0.7% last quarter. rose 1.5% over the twelve months to September quarter 2015, compared with a rise of 1.5% over the twelve months to the June quarter 2015.

    OVERVIEW OF CPI MOVEMENTS: The most significant price rises this quarter are international holiday travel and accommodation (+4.6%), fruit (+8.2%) and property rates and charges (+4.6%). The most significant offsetting price falls this quarter are vegetables (-5.9%), telecommunication equipment and services (-2.0%) and automotive fuel (-1.7%).
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