Australia and New Zealand Bank’s research team notes that the Australia’s Q2 headline inflation rebounded after being flat in Q1 as in annual terms, it increased to 1.6% (from 1.3% in Q1). Key Quotes “The largest positive contributions for the quarter came from fuel prices rising 10.2%, international holiday travel and accommodation increasing by 2.7% and tobacco prices rising 2.4%. Partly damping these increases were fruit and vegetables prices falling 2.8% and electricity prices coming off 1.7%.” “Importantly, trimmed mean inflation, the measure of inflation most focused on by the RBA, increased 0.4% q/q. This saw the annual number unchanged at 1.6%. The RBA in its May SoMP forecast inflation to be 1.6% by June 2019. So although 1.6% is below its inflation target, this print does not put pressure on the Bank to cut interest rates quickly again and allows it the room to see how future data play out.” “Although trimmed mean inflation picked up this quarter, the ANZ Diffusion Index (which measures the proportion of the basket with annualised price rises of 2.5% or more) fell to 34% from 44% in Q1.” 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 USD/INR pulls back from 50-day EMA with all eyes on second-tier India/US data, Fed decision FX Street 4 years Australia and New Zealand Bank's research team notes that the Australia's Q2 headline inflation rebounded after being flat in Q1 as in annual terms, it increased to 1.6% (from 1.3% in Q1). Key Quotes "The largest positive contributions for the quarter came from fuel prices rising 10.2%, international holiday travel and accommodation increasing by 2.7% and tobacco prices rising 2.4%. Partly damping these increases were fruit and vegetables prices falling 2.8% and electricity prices coming off 1.7%." "Importantly, trimmed mean inflation, the measure of inflation most focused on by the RBA, increased 0.4% q/q. This saw the annual number unchanged… 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.
