November CPI 2.3% y/y
vs. expected 2.2% and prior 2.1%
Trimmed mean (a measure of core inflation) 3.2% y/y
- vs. prior 3.5%
That lower trimmed mean, a guide to underlying (core) inflation is encouraging. AUD/USD dips a little on the release.
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As background top this I posted on why the monthly CPI is not as well regarded as the quarterly CPI:
The next quarterly reading is due on January 29 (11.30 am Sydney time).
This article was written by Eamonn Sheridan at www.forexlive.com.
