Australia Q4 Headline CPI 1.9% q/q (expected 1.6%)

Q4 2022 inflation

Inflation

Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods. Inflation stems from the overall creation of money. This money is m

Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods. Inflation stems from the overall creation of money. This money is m
Read this Term data from Australia. Headline and both of the core measures are all above expected.

Headline 1.9% q/q

-expected 1.6% q/q, prior 1.8%

For the y/y, 7.8%

-expected 7.5%, prior 7.3%

Core inflation: Trimmed mean

1.7% q/q

-expected 1.5% q/q, prior 1.8%

6.9% y/y

-expected 6.5% y/y, prior 6.1%

Core inflation: Weighted median

1.6% q/q

-expected 1.4% q/q, prior 1.4%

5.8% y/y

-expected 5.5% y/y, prior was 5.0%

AUD/USD has popped on the data. Strong inflation like this argues for a rate hike from the Reserve Bank of Australia at its February 7 meeting. There have been some expectations of a February break, this data makes that unlikely.

Leave a Comment

Your email address will not be published. Required fields are marked *