Australia 1Q Trimmed Mean CPI Rises 0.3% Q/Q; Est. 0.4% Gain
Wednesday, 24 April 2019 09:03 WIB | ECONOMY |ekonomiEkonomi AustraliaCPI Australia

Australian Bureau of Statistics releases first-quarter inflation report in Sydney Wednesday.

CPI unchanged Q/Q vs est. 0.2% gain. Weighted median CPI rose 0.1% Q/Q vs est. 0.4% gain. Trimmed mean CPI advances 1.6% Y/Y vs est. 1.7% gain. CPI climbs 1.3% Y/Y vs est. 1.5% gain. Weighted median CPI increases 1.2% Y/Y vs est. 1.6% gain

AUD trades at 70.51 U.S. cents in Sydney from 70.92 cents pre-data

Oil prices stormed back in the first quarter, recovering from worries about a global oversupply that pushed crude into a nosedive to end 2018

Australia™s central bank generally focuses on core inflation, a combination of the trimmed mean and weighted median gauges that smooth out sharp rises and falls.

Source : Bloomberg

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