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$$$$]