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
3.2%
Forecast
2.9%
Previous
2.1%
Australia Inflation Rate (CPI) for Q3 came in at 3.2% versus 2.9% expected (previous 2.1%), above forecast, which was positive for the AUD.
What it meant for the AUD
The actual landed above the 2.9% forecast (0.3 above expectations). A reading above forecast is generally bullish for the AUD, and below forecast bearish. On this release the read was positive for the AUD.
New to this release? See what Australia Inflation Rate (CPI) measures, the next release and its full history.