Australian Q3 CPI, headline 1.6% q/q (expected 1.5%)
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July to September inflation data (reminder, the RBA target for core inflation is 2 to 3% y/y).
Headline 1.6% q/q
For the y/y 0.7%
Core inflation:
Trimmed mean 0.4% q/q
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expected 0.3% q/q, prior -0.1%
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And for y/y, comes in at 1.2% vs. expected 1.1% y/y, prior 1.1%
Core inflation:
Weighted median 0.3% q/q
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expected 0.3% q/q, prior 0.1%
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and 1.3% y/y vs. expected 1.3% y/y, prior was 1.3%
In Q2 at the height of lockdown restrictions, Australia brought in free child care, in Q3 it was returned to paid service and added 0.9% to the result.