Free Trial

Monthly CPI Inflation For October Expected To Rise Further

AUSTRALIA DATA

Australia’s new monthly CPI data will be published today for October. Headline is expected to rise to 7.6% y/y from 7.3%, while the trimmed mean should rise to 5.7% from 5.4%. This would require monthly rises of 0.9% and 0.5% respectively. The RBA expects headline CPI to reach 8% and a slowdown in monthly increases in November and December will be needed to achieve this.

  • Estimates for headline CPI are in quite a large range of 7.1% to 8.3% y/y with most estimates between 7.3% and 7.7%. Q3 CPI rose 7.3% y/y.
  • Trimmed mean projections are a lot less varied ranging from 5.6% to 5.9% with the vast majority around the 5.7% mark. This data in Q3 rose 6.1% y/y, well above the monthly series.
  • This series is not as broad as the quarterly CPI but its timeliness in comparison is likely to make it a particular focus for market participants.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.