Australia: Slightly softer CPI at 0.4% q-o-q - Rabobank

This morning’s Aussie CPI data were slightly softer at 0.4% q-o-q headline and 2.1% y-o-y, while the trimmed mean measure was in line at 0.5% q-o-q and 1.9% y-o-y, explains the research team at Rabobank.

Key Quotes

“And that’s about it. The RBA, which already seems to be semi-permanently stuck in that warm and fuzzy “it’ll all be OK, I just know it!” feeling you get after a cheeky lunchtime G&T, essentially has no more information to go on than that neither here-nor-there data for another three months."