Australia Q1 RBA trimmed mean CPI +0.5 pct QoQ vs poll +0.4 pct

• AUSTRALIA Q1 RBA TRIMMED MEAN CPI +0.5 PCT Q/Q (REUTERS POLL +0.4 PCT)
• 28-Apr-2020 19:30:01 - AUSTRALIA Q1 CPI (ALL GROUPS) +0.3 PCT Q/Q (REUTERS POLL +0.2 PCT)
• 28-Apr-2020 19:30:01 - AUSTRALIA Q1 RBA WEIGHTED MEDIAN CPI +0.5 PCT Q/Q (REUTERS POLL +0.4 PCT)
• 28-Apr-2020 19:30:01 - AUSTRALIA Q1 RBA TRIMMED MEAN CPI +1.8 PCT YR/YR (REUTERS POLL +1.6 PCT)
• 28-Apr-2020 19:30:01 - AUSTRALIA Q1 CPI (ALL GROUPS) +2.2 PCT YR/YR (REUTERS POLL +2.0 PCT)
• 28-Apr-2020 19:30:01 - AUSTRALIA Q1 RBA WEIGHTED MEDIAN CPI +1.7 PCT YR/YR (REUTERS POLL +1.5 PCT)

Australian RBA's Inflation: Does it really matter?

Australian inflation is foreseen well below the RBA’s target in Q1. RBA Trimmed Mean CPI is seen at 0.4% QoQ and 1.6% YoY, matching the previous figures. AUD/USD bullish, will continue to depend on the market’s sentiment.

Description

The Consumer Price Index released by the RBA and republished by the Australian Bureau of Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services . The purchase power of AUD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or Bearish).