CPI (QoQ) (Australia)
Inflation Increased Again in Q2 After the Soft Patch in Q1
Starts Wednesday, October 30, 2019 at 00:30
Updated Wednesday, October 30, 2019
Inflation was growing by 0.4% in the last two quarters of 2017. But, it ticked higher to 0.5% in Q1 2018 as the report released in April showed, which was later revised higher to 0.6%. CPI inflation grew by 0.5% in Q2 2018 again. Although, it was revised lower to 0.4% later and the report for Q3 showed a 0.4% growth, which means that inflation growth is back to the normal trend of 0.4% in a quarter. Q4 was expected to show a 0.4% increase again but it beat expectations coming at 0.5%. In Q1 of this year, inflation was expected at 0.2%, but it fell flat, coming at 0.0% for that quarter. In Q2, inflation strengthened again to 0.6%,while core CPI ticked higher to 0.4% from 0.3% in Q1. Although, Q3 might be soft too, since the global economy has weakened considerably. Please follow us for live coverage of this event by experienced market analysts.
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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.