Australia: Melbourne Institute January headline inflation gauge +0.3% m/m (prior +1.0%)
Last month this data sent a shiver through Australian financial markets, with a huge jump:Australian private survey of inflation soared by 1% m/m in December, the most in 17 monthsSince then we had more subdued official data:Australian Q4 headline CPI 4.1% y/y vs 4.3% expectedFor January, headline rates:+0.3% m/mprior +1.0%4.6% y/yprior 5.2%Trimmed mean (a measure of core inflation)+0.2% m/mprior +0.9%4.4% y/yprior 5.2%---The RBA statement for February is due tomorrow: is expected to keep the cash rate on hold at its current 12 year high This article was written by Eamonn Sheridan at www.forexlive.com.
Last month this data sent a shiver through Australian financial markets, with a huge jump:
Since then we had more subdued official data:
For January, headline rates:
+0.3% m/m
- prior +1.0%
4.6% y/y
- prior 5.2%
Trimmed mean (a measure of core inflation)
+0.2% m/m
- prior +0.9%
4.4% y/y
- prior 5.2%
---
The RBA statement for February is due tomorrow:
This article was written by Eamonn Sheridan at www.forexlive.com.