Australia, like much of the developed world, has struggled to rekindle inflation as wages stagnate and intensified competition keeps prices in check.
The central bank focuses on core inflation, a combination of the trimmed mean and weighted median gauges, that smooths out sharp fluctuations. The statistics bureau released the data in Sydney Wednesday.
CPI rose 0.7% Q/Q vs est. 0.6% gain. Weighted median CPI gained 0.4% Q/Q vs est. 0.4% gain. Trimmed mean CPI advances 1.6% Y/Y vs est. 1.5% gain.
CPI climbs 1.8% Y/Y vs est. 1.7% gain. Weighted median CPI increases 1.3% Y/Y vs est. 1.2% gain.
AUD trades at 67.69 U.S. cents in Sydney from 67.62 cents pre-data.
Source : Bloomberg