Breaking: Aussie CPI beats estimates, putting a bid into AUD/USD

Australia’s third quarter Consumer Price Index has put a bid into AUD/USD:

Aussie CPI

• Australia Q3 RBA trimmed mean CPI +1.8% QoQ (Reuters poll +1.5 pct).
•  Australia Q3 CPI (all groups) +1.8 pct QoQ (Reuters poll +1.6 pct).   
• Australia Q3 RBA weighted median CPI +1.4% QoQ (Reuters poll +1.5 pct). 
• Australia Q3 RBA trimmed mean CPI +6.1% YoY (Reuters poll +5.6 pct).    
• Australia Q3 RBA weighted median CPI +5 % YoY (Reuters poll +4.8 pct).

AUD/USD update

About Aussie CPI

The Consumer Price Index released by the RBA and republished by the Australian Bureau of Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The trimmed mean is calculated as the weighted mean of the central 70% of the quarterly price change distribution of all CPI components, with the annual rates based on compounded quarterly calculations.