Australia Trimmed Mean CPI (MoM)

The Trimmed Mean Consumer Price Index (CPI), released by theAustralian Bureau of Statistics on a monthly basis, is a measure of underlying inflation. The Trimmed mean is calculated using a weighted average of percentage change from the middle 70% of the distribution of all CPI components in order to smooth the data from the more-volatile items. The MoM reading compares prices in the reference month to the previous month. Generally, a high reading is seen as bullish for the Australian Dollar (AUD), while a low reading is seen as bearish.