Australian This fall 2024 inflation headline 2.four% y/y (anticipated 2.5%)

Inflation knowledge from Australia for the October- December quarter and for December month, 2024.

Headline inflation numbers are available decrease than anticipated.

+2.four% y/y

• anticipated 2.5%, prior 2.eight%

+zero.2% q/q

• anticipated zero.three%, prior zero.2%

Trimmed imply (a measure of core, or underlying inflation)

three.2% y/y

• anticipated three.three%, prior three.5%

zero.5% q/q

• anticipated zero.6%, prior zero.eight%

The weighted median, additionally a core measure:

three.5% y/y

• anticipated three.5%, prior three.eight%

The trimmed imply is a spotlight, and at zero.5% this underneath the place the Reserve Financial institution of Australia was anticipating it.

The Australian greenback has been marked decrease as, on the margin, these numbers increase the possibility of an RBA February fee reduce.

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Background data to that is right here:

• Australian inflation knowledge due quickly – RBA fee reduce hypothesis for February assembly
• Essential Australian inflation knowledge – prone to tick the RBA fee reduce field?

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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