• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

Australia inflation data – Q1 2022 CPI. Trimmed mean +1.4% q/q (expected 1.2%)

Started by forex4you, Apr 27, 2022, 09:52 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

Australia inflation data - Q1 2022 CPI. Trimmed mean +1.4% q/q (expected 1.2%)

Australian Bureau of Statistics with the data.
Headline CPI +2.1% q/q • expected 1.7% q/q, prior 1.3% For the y/y, +5.1% • expected 4.6%, prior 3.5%
Core inflation: Trimmed mean (this is the main measure the RBA will be looking at)
+1.4% q/q • expected 1.2% q/q, prior 1.0%
+3.7% y/y  • expected 3.4% y/y, prior 2.6% (the RBA target band is 2 to 3%, "on average, over time" (quote from the RBA).)
Weighted median
1.0% q/q  • expected 1.1% q/q, prior 0.9%
3.2% y/y  • expected 3.3% y/y, prior was 2.7%
AUD/USD has popped a little higher on the data. One minute bars:


   


Both the headline and trimmed mean have come in above consensus expectations. if this does not stick a rocket up the RBA and prompts them to hike next week (meeting is May 3) I don't know what it'll take (the Reserve Bank of Australia have used the 'waiting for wage growth' excuse, so that's what they'll say if they sit on their hands again) Trimmed mean is the RBA preferred measure of core inflation, so they can't fob this off. 


---
Background:


    Australian CPI due today - the number to watch to (potentially) trigger a May rate hike


    Two data points of focus in Asia today - Australian inflation and China profits

Source: Australia inflation data - Q1 2022 CPI. Trimmed mean +1.4% q/q (expected 1.2%)

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com