Australia data - Q2 PPI +1.4% q/q (vs. expected 0.8%)

Inflation at a business level, Australian CPI (consumer level inflation) is also currently elevated:. Data from earlier this week for the CPI:

• Australia: CPI 1.8% q/q (expected 1.8%) & Trimmed mean 1.5% q/q (expected 1.5%)

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Q2 PPI +1.4% q/q

• expected 0.8%
• prior 1.6%

5.6% y/y

• expected 3.8%
• prior 4.5%