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Abstract：Core inflation rates inched a little higher q/q and also higher y/y compared with Q1
The headline rate dipped a little q/q but was higher y/y compared with Q1
The data post is here:
Australia: CPI 1.8% q/q (expected 1.8%) & Trimmed mean 1.5% q/q (expected 1.5%)
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The fears in the market were for a rise above expectations, which we did not get. From this data it appears very likely now the RBA will hike by 50bp next week, the meeting is August 2 (statement due at 0430 GMT).
AUD/USD is down a little on the data - one minute bars to give you a taste of how AUD moved if you are reading this on your phone sway from your main screens:
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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