Aussie Q2 inflation outlook, will RBA be concerned? - TDS
|Analysts at TD Securities expect Q2 headline inflation to increase by +0.6%/qtr and 2.3%/yr.
Key Quotes:
"The floods associated with Cyclone Debbie will boost some fresh fruit and vegetable prices, however, fuel prices falling around -3%/qtr provide an offset."
"On our projections, we don’t expect Q2 CPI to have a material impact on current RBA thinking given that core inflation is rising but likely to remain below 2%."
"However, such an outcome could dampen recent market enthusiasm for a more hawkish RBA tone in the coming months."
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