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Australia's consumer inflation rose to 2.1% year-on-year in Q2 2018, the highest since Q1 2017, but slightly below the 2.2% market forecast. Fuel, electricity and tobacco drove the increase while food inflation eased to 0.3%.
Higher inflation reduces the chance of near-term RBA easing, which supports the Australian dollar, while low food inflation signals little pressure on domestic feed-related food costs.
tradingeconomics.comABS, RidaJul 25, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
