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Australian monthly CPI (May) 5.6% y/y (vs. expected 6.1%)

A much better inflation figure from Australia that probably takes a July rate hike off the table. Comes in at 5.6% y/y, a 13 month lowexpected 6.1%, prior 6.8%The 'core' reading that takes out volatile items and holiday travel is not so encouraging, though, coming in at 6.4% y/yThe trimmed mean is 6.1% y/y, from 6.7% in April.--May m/m headline is 0.0% vs. +0.3% in April--The monthly CPI indicator does not reflect the full basket of consumer goods in each month and has only a short back history... Read More

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Content Topics

Australian

Monthly

May

Vs

Expected

Forex

Posted: Jun 28 2023, 01:30

Author Name: forexlive

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