Australian August monthly inflation data 5.2% y/y (vs. 5.2% expected)

<p>Australian August monthly CPI 5.2% y/y </p><ul><li>expected 5.2%</li><li>prior 4.9%</li><li>the m/m rise was 0.6% from 0.3% in July</li></ul><p>For core measures:</p><p>August CPI excluding Fruit and vegetables, Automotive fuel, and Holiday travel and accommodation 5.5% y/y</p><ul><li>prior 5.8% in July</li><li>this drip lower in underlying inflation will be welcomed by the RBA </li></ul><p>Trimmed mean CPI 5.6%</p><ul><li>prior also 5.6% </li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.