"Australia's Accelerating Core Inflation Cools Rate Cut Bets" via ForexLive

An article from Bloomberg, just in case ya haven't had enough on the Australian CPI data today:

• Australia's core consumer prices accelerated last quarter
• Easing pressure on the central bank to reduce interest rates and sending the local currency higher
• Australia's price growth is a developed-world rarity as deflation threatens some advanced nations
• “Australia is far different from some other parts of the globe,” said Savanth Sebastian, an economist at a unit of Commonwealth Bank of Australia. “The euro zone continues to worry about the deflationary threat from sluggish growth and sliding oil prices, while inflation remains below the Fed's target rate in the U.S. But here in Australia inflation is holding at the low end of the Reserve Bank's target.”
• More at the article, here

posted via ForexLive