Australia CPI measures how fast consumer prices are rising year-on-year, the key inflation gauge the Reserve Bank of Australia watches when setting interest rates.
Actual
4.1%
Forecast
4.3%
Previous
5.4%
Source: Australian Bureau of Statistics. Figures as released; revisions appear in the next print.
Australia Inflation Rate (CPI) for Q4 2023 came in at 4.1% versus 4.3% expected (previous 5.4%), below forecast, which was negative for the AUD.
What it meant for the Australian Dollar
The actual landed below the 4.3% forecast (0.2 below expectations). A reading above forecast is generally bullish for the AUD, and below forecast bearish. On this release the read was negative for the AUD.
New to this release? See what Australia Inflation Rate (CPI) measures, the next release and its full history.