# Australia CPI Preview: Forecasts from six major banks, inflation could inch higher

> Six major banks forecast Australia's February monthly CPI at between 3.4% and 3.8% year on year, against 3.4% in January. The Australian Bureau of Statistics was scheduled to publish the data on March 27.

- Date: 2024-03-26 · published 2024-03-26T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/31462-australia-cpi-preview-forecasts-from-six-major-banks-inflation-could-inch-higher
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Inflation expectations shape RBA rate-cut timing and therefore the Australian dollar. The release has no direct effect on feed commodity supply or demand.

## Read by commodity

- AUDUSD: neutral

## Sources

- mitrade.com: https://www.mitrade.com/insights/news/live-news/article-6-107222-20240326

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.