Australia: Expect a moderate 0.5% q-o-q rise in Q2 CPI inflation - Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura are forecasting a moderate 0.5% q-o-q rise in Australia’s headline CPI inflation in Q2, based on mixed partial data so far.

Key Quotes

“AUD fell a little in Q2 but is still higher than a year ago, which suggests little in the way of imported price pressures. Automotive fuel prices look to have fallen by around 2.5% q-o-q in Q2, based on industry data, while Q2 inflation data for New Zealand – which tend to correlate with Australia’s – also show little inflation pressure in aggregate. Against this, private sector survey data show a modest pick-up in capacity utilisation and cost measures.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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