Preview of Australian Q3 CPI data due today – risks skewed to the upside | Forexlive

Commonwealth Bank of Australia forecast for today’s Q3 Australian inflation report.

• the data is due at 0030 GMT (2030 US Eastern time)

In brief:

• We forecast headline CPI rose by 0.9% in Q3 23 ( 5.1%/yr)
• Trimmed mean CPI is expected to have increased by 1.0%/qtr (4.9%/yr)
• These numbers are broadly similar to the RBA’s implied profile in the August Statement on Monetary Policy.
• We view the risks to our inflation forecast as skewed to the upside.
• An outcome in line with our forecast is consistent with monetary policy on hold in November.

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