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.