Australia’s Q2 headline CPI inflation was in line with marke...

Australia’s Q2 headline CPI inflation was in line with market expectations at +1.0% q/q and +3.8% y/y
The big surprise was trimmed mean inflation of ‘just’ +0.84% q/q, which was well below consensus for +1.0% q/q
Yes inflation is still high, but the interest rate decision is based on BETTER OR WORSE vs RBA expectations.