Australian CPI rose by 0.4% in Q4

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Wednesday, Jan 27 2016

The latest Australian Bureau of Statistics (ABS) figures show the Consumer Price Index (CPI) rose 0.4% in the December quarter 2015, following a rise of 0.5% in the September quarter 2015. Analysts were expecting 0.3% increase. The CPI rose 1.7% through the year to the December quarter 2015, following a rise of 1.5% through the year to the September quarter 2015. Trimmed Means CPI rose by 0.7%, also beating market forecasts.

The most significant price rises this quarter were in tobacco, domestic holiday travel and accommodation and international holiday travel and accommodation. These rises were partially offset by falls in automotive fuel, telecommunication equipment and services and fruit. The increase of 0.1% for the housing group is the weakest movement since March quarter 1998 as price rises for rents and new dwelling purchase by owner occupiers have been subdued through the quarter.

Aussie is currently being traded around 0.7030 area. Pair is likely to find support around 0.6950 handle and resistance above 0.7080 level. Later today, in the US session, FOMC interest rate decision and the following statement are scheduled for a release.

More in this category: « CB Consumer Confidence rose to 98.1 German Consumer Climate unchanged in January »

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