Economic calendar in Asia – Monday, 1 May 2023 | Forexlive

Data from Australia and Japan feature today.

None of it is likely to be market moving to much extent. The inflation info from Australia is interesting though, a first look at Q2 CPI from the privately surveyed gauge.

• The Melbourne Institute Inflation Gauge is produced by the Melbourne Institute of Applied Economic and Social Research at the University of Melbourne. Its a well-respected early indication of inflationary trends in the Australian economy, closely monitored by policymakers.
  It predates the Australian Bureau of Statistics’ monthly CPI measure by many, many years and has a strong track record.

Today we get April data. For March the TD / Melbourne Institute monthly CPI inflation gauge showed;

Headline:

• 0.3% m/m and 5.7% y/y

Trimmed mean:

• 0.4 m.m and 5.2% y/y
• the monthly inflation data that comes from the Australian Bureau of Statistics doesn’t include trimmed mean core inflation.