Australia – Q2 CPI: +0.5% q/q (vs. +0.5% expected) via ForexLive

Australia – Q2 CPI

The ‘headline' result is the q/q CPI:  +0.5%

• expected +0.5%,
• prior was +0.6%

For the y/y, +3.0%

• expected is +3.0%, prior +2.9%

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The ‘trimmed mean' (which is the measure the RBA pays most heed to):

For the q/q:  +0.8%

• expected +0.6%,
• prior +0.6%, revised from +0.5%

For the  y/y: +2.9%

• expected is 2.7%, prior 2.6%

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Finally, there is the ‘weighted median' CPI: +0.6% q/q

• For q/q: expected 0.7%, prior was 0.6%
• For y/y, in at +2.7%: expected 2.7%, prior was 2.7%

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AUD marked higher immediately.

Adam nailed this in his preview: Preview: Will inflation data finally get AUD/USD moving?

posted via ForexLive