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Australian CPI fell 0.2% in Q1

Wednesday, Apr 27 2016
Australian CPI fell 0.2% this quarter, compared with a rise of 0.4% last quarter. Analysts were anticipating 0.3% increase. CPI rose 1.3% over the twelve months to the March quarter 2016, compared with a rise of 1.7% over the twelve months to the December quarter 2015.
The most significant price falls this quarter are automotive fuel (-10.0%), fruit (-11.1%) and international holiday travel and accommodation (-2.0%). The most significant offsetting price rises this quarter are secondary education (+4.6%), medical and hospital services (+1.6%) and pharmaceutical products (+4.8%).
 
Aussie is currently being traded around 0.7630 area. Pair is likely to find support around 0.76 handle and resistance above 0.7680 level. Later today, in the US session, FED interest rate decision will be published.
More in this category: « CB Consumer Confidence declined to 94.2 M3 Money Supply at 5.0% in March »

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