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AUSTRALIA DATA: Higher September Services Inflation Dampens Good Core Outcome

AUSTRALIA DATA

September monthly CPI data were also released today and showed further moderation from August but there was an increase in services inflation bringing the annual rate to its highest since May. The pickup at the end of the quarter may worry the RBA that sticky services inflation could have continued into Q4, although 3-month momentum eased it remains high.

Australia services vs trimmed mean CPI y/y% monthly

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September monthly CPI data were also released today and showed further moderation from August but there was an increase in services inflation bringing the annual rate to its highest since May. The pickup at the end of the quarter may worry the RBA that sticky services inflation could have continued into Q4, although 3-month momentum eased it remains high.

Australia services vs trimmed mean CPI y/y% monthly

Keep reading...Show less