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Australian Q3 2023 Headline CPI +1.2% q/q (vs. 1.1% expected)

Higher than expected inflation data from Australia. Right across all three measures:headlinetrimmed mean (a core inflation measure)weighted median (another core inflation measure)The topside surprise on the headline and core measures of inflation will put pressure on the Reserve Bank of Australia to hike in November. AUD/USD has jumped higher, and market pricing for a rate hike has also. The 'trimmed mean' is the preferred measure of underlying, or core, inflation.There is another core measure,...
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Posted: Oct 25 2023, 00:30
Author Name: forexlive
Views: 042338