- Australia Q3 RBA Trimmed Mean CPI +0.4 pct QoQ.
- AUD/USD unchanged as markets look through data.
Australia CPI has arrived as follows:
- Australia Q3 RBA trimmed mean cpi +0.4 pct QoQ.
- Australia Q3 CPI (all groups) +1.6 pct QoQ.
- Australia Q3 RBA weighted median CPI +0.3 pct QoQ.
- Australia Q3 RBA trimmed-mean CPI +1.2 pct YoY.
- Australia Q3 CPI (all groups) +0.7 pct YoY.
- Australia Q2 RBA weighted median CPI +1.3 pct YoY.
AUD/USD is virtually unchanged on the release.
There is a higher focus on jobs numbers and November's Reserve Bank of Australia decision will unlikely be heavily influenced by the CPI reading. However, the data does support the case for further easing from the RBA.
Description of the Consumer Price Index
The Consumer Price Index released by the RBA and republished by the Australian Bureau of Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.
The trimmed mean is calculated as the weighted mean of the central 70% of the quarterly price change distribution of all CPI components, with the annual rates based on compounded quarterly calculations.
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.