Analysts at Australia and New Zealand Banking Group (ANZ) see the Australian consumer prices decelerating over the year in the fourth quarter of 2018 amid a sharp drop in fuel prices.
The Australian Q4 2018 CPI report is slated for released on January, 31st at 0030 GMT.
Key Quotes:
“Our forecast is for a 0.4% q/q rise in headline inflation in Q4, pushing the annual rate down to 1.6%.
A sharp fall in petrol prices is the largest negative for the headline figure, while retail price deflation continues to be a drag. Domestic air travel and tobacco prices will make positive contributions.
Core prices are expected to rise 0.5% q/q, which would leave the annual rate unchanged at 1.8%.
We see the risk to core inflation for the quarter as very much to the downside.”
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