Australia 4Q Trimmed Mean CPI Rises 0.4% Q/Q; Est. 0.4% Gain
Wednesday, 29 January 2020 07:47 WIB | ECONOMY |CPI AustraliaEkonomi Australia

Australia, like much of the developed world, has struggled to rekindle inflation as wages stagnate and intensified competition keeps prices in check.

The central bank focuses on core inflation, a combination of the trimmed mean and weighted median gauges, that smooths out sharp fluctuations. The statistics bureau released the data in Sydney Wednesday.

CPI rose 0.7% Q/Q vs est. 0.6% gain. Weighted median CPI gained 0.4% Q/Q vs est. 0.4% gain. Trimmed mean CPI advances 1.6% Y/Y vs est. 1.5% gain.

CPI climbs 1.8% Y/Y vs est. 1.7% gain. Weighted median CPI increases 1.3% Y/Y vs est. 1.2% gain.

AUD trades at 67.69 U.S. cents in Sydney from 67.62 cents pre-data.

Source : Bloomberg

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