FXStreet (Bali) – Australia’s Q4 2015 core CPI number surprised to the upside despite the disinflationary global trend elsewhere, adding to the case of the RBA potentially holding to its neutral bias.
Main headlines
Australia RBA trimmed mean CPI (QoQ) came at +0.6% vs +0.5% and +0.3% last
Australia RBA trimmed mean CPI (YoY) stood at +2.1% vs 2.1% exp and last.
Australia Consumer Price Index (YoY) came at +1.7% vs 1.6% exp and 1.5% last
Australia Consumer Price Index (QoQ) came in at 0.4% vs 0.3% exp and +0.5% last
Key points Q4
THE ALL GROUPS CPI: rose 0.4% this quarter, compared with a rise of 0.5% last quarter. rose 1.7% over the twelve months to the December quarter 2015, compared with a rise of 1.5% over the twelve months to the September quarter 2015.
OVERVIEW OF CPI MOVEMENTS: The most significant price rises this quarter are tobacco (+7.4%), domestic holiday travel and accommodation (+5.9%) and international holiday travel and accommodation (+2.4%). The most significant offsetting price falls this quarter are automotive fuel (-5.7%), telecommunication equipment and services (-2.4%) and fruit (-2.6%).
(Market News Provided by FXstreet)