Australian August monthly CPI 5.2% y/y
- expected 5.2%
- prior 4.9%
- the m/m rise was 0.6% from 0.3% in July
For core measures:
August CPI excluding Fruit and vegetables, Automotive fuel, and Holiday travel and accommodation 5.5% y/y
- prior 5.8% in July
- this drip lower in underlying inflation will be welcomed by the RBA
Trimmed mean CPI 5.6%
- prior also 5.6%