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Australia's consumer price.....>

AUSTRALIA DATA REACT
AUSTRALIA DATA REACT: Australia's consumer price index inflation rose less than
expected in the fourth quarter, staying below the Reserve Bank of Australia's
target band for the third straight quarter but more importantly showing little
signs of inflationary pressures in the economy. Headline CPI has been within the
RBA's target band just once in the last 13 quarters.
- Overall, the data is likely to be within the RBA's expectation and makes no
case for raising bets for cash rate hike in the near term. None of the data
point to inflation pressures building in the economy. In fact, the 1.9% y/y rise
in headline CPI may be a significant dampener as far as wage growth in the
economy is concerned.

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