CPI (QoQ) (Australia)
Australian Inflation Back to Trend
Starts Tuesday, December 18, 2018 at 17:23
Updated Wednesday, October 31, 2018
Inflation was growing by 0.6% on a quarterly basis last year in Australia. Although, the increase in the CPI (consumer price index) softened to 0.4% during this year. Although, the Chinese economy seems to be slowing after Donald Trump's tariffs on Chinese products, which will surely affect the Australian economy and probably inflation as well.
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About CPI (QoQ) (Australia)
Australian CPI (QoQ) is published by the Australian Bureau of Statistics, about 25 days after each quarter ends. It serves as a measurement of pricing variations pertaining to a collective basket of select goods and services. CPI is a key inflationary metric, addressing economic prowess from the consumer’s point-of-view.Unexpected growth in the CPI (QoQ) is an intermediate-term signal of inflationary expansion. Rising CPI (QoQ) is widely viewed as a bullish indicator for the Australian dollar (AUD). Underperforming CPI (QoQ) is interpreted as being a product of stagnant inflation and a bearish signal for the AUD.