Australia: CPI data was a usual mix of confusing numbers - Rabobank

Analysts at Rabobank suggest that this morning’s Aussie Q1 CPI data showed the usual mix of confusing numbers as headline CPI was weaker than expected at 0.4% q-o-q and 1.9% y-o-y, so back below the RBA’s target band again.

Key Quotes

“Trimmed mean and weighted median inflation were both slightly stronger y-o-y at 1.9% and 2.0%. Basically we waited three months for a release that told us nothing very clear at all.”