More preview on the Australian CPI due out today – Why NAB has an outlier forecast via ForexLive

I posted up a preview of the Australian inflation data due today, the CPI for Qr from the Australian Bureau of Statistics. The preview is here: Preview: Australian Q3 CPI due Wednesday – plus the views from investment bank analysts

In it I noted the ‘outlier' call from NAB (and their reasons for it):

their economists are tipping the CPI to come in flat (at 0.0% change q/q):

• They cite lower petrol prices, lower fruit and vegetable prices, plus the scrapping of the carbon tax

Business insider have a great post just out, where they sought more detail from NAB on the call, and its well worth reading: The NAB's Economics Team Is Making A Big Call On Falling Inflation: Here's Why

Check it out, its well worth considering.

posted via ForexLive