Australia Q2 CPI Unchanged At 0.4% On Quarter

Australia Q2 CPI Unchanged At 0.4% On Quarter

Consumer prices in Australia were up 0.4 percent on quarter in the second three months of 2018, the Australian Bureau of Statistics said on Wednesday.

That was shy of expectations for an increase of 0.5 percent but unchanged from the Q1 reading.

On a yearly basis, inflation rose 2.1 percent — beneath expectations for 2.2 percent and up from 1.9 percent in the three months prior.

The trimmed mean was up 0.5 percent on quarter and 1.9 percent on year — both as expected and unchanged from the previous three months.

The weighted median was up 0.5 percent on quarter, unchanged and as expected. It was also up 1.9 percent on year, matching forecasts and down from 2.1 percent in Q1.

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