Justin Smirk, Research Analyst at Westpac, points out that Australia’s September Quarter CPI printed 0.4%qtr, compared to the market median and Westpac forecast for 0.5%. Key Quotes “With base effects the annual rate eased back to 1.9%yr from 2.1%yr in Q2. Inflation continues to bump along just at, or just under, the bottom of the RBA’s target band.” “The average of the core measures, which are seasonally adjusted and exclude extreme moves, rose 0.3%qtr meeting our expectations. In the quarter, the trimmed mean gained 0.37% while the weighted median lifted 0.28%. The annual pace of the average of the core measures printed 1.7%yr, a further deceleration from 1.8%yr in Q2 2018 and 2.0% in Q1.” “Incorporating revisions, the six month annualised growth in core inflation is only 1.5%yr which is well below the bottom of the RBA target band and the slowest pace since September 2016.” “We now have had two consecutive years of forecasters over-estimating the quarterly CPI print. The average error since the December quarter 2016 is +0.14ppt.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ADA/USD hovers around $0.07 as Charles Hoskinson dwells upon Cardano developments FX Street 4 years Justin Smirk, Research Analyst at Westpac, points out that Australia's September Quarter CPI printed 0.4%qtr, compared to the market median and Westpac forecast for 0.5%. Key Quotes "With base effects the annual rate eased back to 1.9%yr from 2.1%yr in Q2. Inflation continues to bump along just at, or just under, the bottom of the RBA's target band." "The average of the core measures, which are seasonally adjusted and exclude extreme moves, rose 0.3%qtr meeting our expectations. In the quarter, the trimmed mean gained 0.37% while the weighted median lifted 0.28%. The annual pace of the average of the core… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
