Australia Q2 CPI preview - Westpac

Analysts at Westpac offer a sneak peek at what to expect from Wednesday’s Australian CPI report slated for release at 0130 GMT.

Key Quotes:

“We anticipate another 0.4% print, lifting the annual figure to 2.1%.

Core …. We anticipate 0.5%qtr, 1.9%yr.

In short, inflation is at the bottom of the RBA's target band at a time of weak wages growth, intense competition across retail and supermarkets, as well as a housing slowdown.”