Australia’s monthly CPI inflation steadies at 2.5% YoY in January vs. 2.6% expected
Australia’s monthly Consumer Price Index (CPI) rose by 2.5% in the year to January, compared to a 2.5% increase seen in December, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.
The market forecast was for 2.6% growth in the reported period.
Market reaction to Australia’s monthly CPI inflation
At the time of writing, the AUD/USD pair is trading 0.14% higher on the day to trade at 0.6351.
Source: FXstreet