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Australia Q3 CPI Y/Y Remains Below RBA Target Band

--Underlying +1.85% Y/Y; Below MNI Median Forecast
     SYDNEY (MNI) - Consumer Price Index inflation data for the third quarter
published by the Australian Bureau of Statistics on Wednesday:
                          Q3 Q/Q    Q3 Y/Y          MNI Median
--------------------------------------------------------------
                        % Change  % Change            % Change
All Groups CPI              +0.6      +1.8  +0.8 Q/Q; +2.0 Y/Y
All Groups (SA*)            +0.4      +1.8
Trimmed Mean                +0.4      +1.8            +0.5 Q/Q
Weighted Median             +0.3      +1.9            +0.4 Q/Q
Underlying Inflation**     +0.35    +1.85%  +0.5 Q/Q; +2.0 Y/Y
Tradable Inflation          -0.3      -0.9
Non-Tradable Inflation      +1.0      +3.2
CPI Ex-Housing              +0.2      +1.3
     * Seasonally Adjusted
     ** Underlying inflation is the average of trimmed-mean and weighted-median
inflation. This is roughly the measure the RBA uses in its cash-rate
deliberations. The Reserve Bank of Australia's inflation target band is 2% to
3%.
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE,MALDS$,MMLRB$,M$A$$$,M$L$$$,MT$$$$]

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