Aust May CPI +4%yoy, v exp +3.8%, services (4.8%) & trimmed ...
Aust May CPI +4%yoy, v exp +3.8%, services (4.8%) & trimmed mean (4.4%) up.
While the CPI is on track for RBA’s Q2 forecast of 3.8%, the trimmed mean is at high risk of coming in above its 4% forecast, so the risk of another rate hike has now risen to ~40%. Q2 infl will be key.
While the CPI is on track for RBA’s Q2 forecast of 3.8%, the trimmed mean is at high risk of coming in above its 4% forecast, so the risk of another rate hike has now risen to ~40%. Q2 infl will be key.
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