The major release of the day has just arrived in Australia’s 4th quarter Consumer Price Index.
The data has arrived as follows:
- AUSTRALIA Q4 RBA TRIMMED MEAN CPI +0.4 PCT Q/Q (REUTERS POLL +0.4 PCT)
- 26-Jan-2021 18:30:01 – AUSTRALIA Q4 CPI (ALL GROUPS) +0.9 PCT Q/Q (REUTERS POLL +0.7 PCT)
- 26-Jan-2021 18:30:01 – AUSTRALIA Q4 RBA WEIGHTED MEDIAN CPI +0.5 PCT Q/Q (REUTERS POLL +0.4 PCT)
- 26-Jan-2021 18:30:01 – AUSTRALIA Q4 RBA TRIMMED MEAN CPI +1.2 PCT YR/YR (REUTERS POLL +1.2 PCT)
- 26-Jan-2021 18:30:01 – AUSTRALIA Q4 CPI (ALL GROUPS) +0.9 PCT YR/YR (REUTERS POLL +0.7 PCT)
- 26-Jan-2021 18:30:01 – AUSTRALIA Q4 RBA WEIGHTED MEDIAN CPI +1.4 PCT YR/YR (REUTERS POLL +1.2 PCT)
As for the Aussie’s reaction, AUD/USD has popped to fresh highs in an extension of the daily impulse.
More to come
AUD/USD Price Analysis: Bulls counting on a break of symmetrical triangle resistance
Description of CPI
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 trimmed mean is calculated as the weighted mean of the central 70% of the quarterly price change distribution of all CPI components, with the annual rates based on compounded quarterly calculations.
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