Australia CPI rose 0.6 percent in the fourth quarter
|Inflation, as represented by the consumer price index (CPI), rose 0.6 percent quarter-on-quarter (q/q) in the fourth quarter showed the data released by the Australian Bureau of Statistics. Markets were expecting a rise to 0.7 percent.
The annualized figure ticked higher to 1.9 percent year-on-year (y/y), but missed estimates of 2.0 percent. Also, the RBA trimmed mean CPI printed at 0.4 percent q/q and 1.8 percent y/y, missing the estimate of 0.5 percent and 1.9 percent, respectively.
DECEMBER KEY POINTS
THE ALL GROUPS CPI
- rose 0.6% this quarter, compared with a rise of 0.6% in the September quarter 2017.
- rose 1.9% over the twelve months to the December quarter 2017, compared with a rise of 1.8% over the twelve months to the September quarter 2017.
OVERVIEW OF CPI MOVEMENTS
- The most significant price rises this quarter are automotive fuel (+10.4%), tobacco (+8.5%), domestic holiday travel and accommodation (+6.3%) and fruit (+9.3%).
- The most significant offsetting price falls this quarter are international holiday travel and accommodation (-1.7%), audio-visual and computing equipment (-3.5%), and telecommunication equipment and services (-1.4%).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.