Upside Surprise In Australian CPI Reinforced RBA's Stance To Pause

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Headline inflation in Australia rose to +1.2% q/q in 3Q13 (consensus: +0.8%) from +0.4% in the prior quarter while annual inflation eased to +2.2% from +2.4%. The ease in annual inflation was due to lower base. Seasonally adjusted, CPI rose +1.0%, following a +0.6% rise in the second quarter. The



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