Australia: Headline inflation to rise by 0.4% q/q in Q4 2018 - ANZ

Dhwani Mehta FXStreet

Analysts at Australia and New Zealand Banking Group (ANZ) see the Australian consumer prices decelerating over the year in the fourth quarter of 2018 amid a sharp drop in fuel prices.

The Australian Q4 2018 CPI report is slated for release on January, 30th at 0030 GMT.

Key Quotes:

“Our forecast is for a 0.4% q/q rise in headline inflation in Q4, pushing the annual rate down to 1.6%.

A sharp fall in petrol prices is the largest negative for the headline figure, while retail price deflation continues to be a drag. Domestic air travel and tobacco prices will make positive contributions.

Core prices are expected to rise 0.5% q/q, which would leave the annual rate unchanged at 1.8%.

We see the risk to core inflation for the quarter as very much to the downside.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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