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  • AUSTRALIA Q3 RBA TRIMMED MEAN CPI +0.4 PCT Q/Q.
  • 27-Oct-2020 18:31:08 – AUSTRALIA Q3 CPI (ALL GROUPS) +1.6 PCT Q/Q.
  • 27-Oct-2020 18:31:18 – AUSTRALIA Q3 RBA WEIGHTED MEDIAN CPI +0.3 PCT Q/Q.

Australia CPI has arrived as follows:

Aussie CPI

  • AUSTRALIA Q3 RBA TRIMMED MEAN CPI +0.4 PCT Q/Q
  • AUSTRALIA Q3 CPI (ALL GROUPS) +1.6 PCT Q/Q
  •  AUSTRALIA Q3 RBA WEIGHTED MEDIAN CPI +0.3 PCT Q/Q
  • AUSTRALIA Q3 RBA TRIMMED MEAN CPI +1.2 PCT YR/YR
  • AUSTRALIA Q3 CPI (ALL GROUPS) +0.7 PCT YR/YR
  •  AUSTRALIA Q2 RBA WEIGHTED MEDIAN CPI +1.3 PCT YR/YR

AUD/USD reaction

AUD/USD is virtually unchanged on the release. 

There is a higher focus on jobs numbers and November’s decision will unlikely be heavily influenced by the CPI reading.

AUD/USD Price Analysis: Bounded by support and resistance, watch for breakout

Description of the Consumer Price Index

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.