AUD Jumps On Higher Than Expected Australian Inflation Figures

8:22 PM No Comments

A surprisingly strong increase in headline inflation sent the Australian dollar rocketing higher earlier today. Consumer prices rose 1.2% last quarter and 2.2% y/y, smashing expectations from increases of 0.8% and 1.8% respectively. Underlying inflation also rose more than expected, albeit more modestly. Trimmed mean and weighted median CPI both



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