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MNI BRIEF: Aussie Quarterly CPI Misses Expectations At 4.1%

(MNI) Melbourne

The Australian quarterly consumer price index rose 4.1% y/y over Q4 2023 from Q3’s 5.4%, lower than the forecasted 4.3%, while trimmed mean rose 4.2% from the prior quarter’s 5.1%, data from the Australian Bureau of Statistics showed Wednesday.

"The CPI rose 0.6% in the December quarter, lower than the 1.2% rise in the September 2023 quarter. This was the smallest quarterly rise since the March 2021 quarter,” noted Michelle Marquardt, ABS head of prices statistics.

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The Australian quarterly consumer price index rose 4.1% y/y over Q4 2023 from Q3’s 5.4%, lower than the forecasted 4.3%, while trimmed mean rose 4.2% from the prior quarter’s 5.1%, data from the Australian Bureau of Statistics showed Wednesday.

"The CPI rose 0.6% in the December quarter, lower than the 1.2% rise in the September 2023 quarter. This was the smallest quarterly rise since the March 2021 quarter,” noted Michelle Marquardt, ABS head of prices statistics.

Keep reading...Show less