Consumer prices in Australia were up 2.3 percent on year in the third quarter of 2014, the Australian Bureau of Statistics said on Wednesday.
That was in line with expectations and down from 3.0 percent in the second quarter.
On a quarterly basis, CPI added 0.5 percent – unchanged but above forecasts for 0.4 percent.
The Reserve Bank of Australia’s weighted median was up 2.6 percent on year – unchanged and matching forecasts. It also added 0.6 percent on quarter, unchanged and above forecasts for 0.5 percent.
The RBA’s trimmed mean was up 2.5 percent on year versus forecasts for 2.7 percent and down from 2.8 percent. It was also up 0.4 percent on quarter – below expectations for 0.5 percent and down from 0.7 percent in Q2.
The material has been provided by InstaForex Company – www.instaforex.com