- rose 0.6%m/m (prior 0.2%)
- rose 2.2% y/y (prior 1.5%)
Prices for fuel, fruit and vegetables being cited , it’s still near the floor of the RBA long-term target band of 2 to 3 percent and expectations are still for the RBA to leave the cash rate unchanged at 3.5%.
AUD/USD trading lower at 1.0258/61
