Reuters Australia
Australia annual core inflation accelerates in Q2
Wednesday July 23, 01:40 PM
SYDNEY, July 23 (Reuters) - Australia's second-quarter consumer price index (CPI) figures, including the central bank's two key measures of underlying consumer inflation, released by the Australian Bureau of Statistics on Wednesday.
CPI (All Groups) qtr/qtr pct yr/yr pct Index
Q2 +1.5 +4.5 164.6
Q1 +1.3 +4.2 162.2
Q2 2007 +1.2 +2.1 157.5
Market sector goods and services CPI:
Q2 +1.4 +4.2 162.4
Q1 +0.8 +3.5 160.2
Q2 2007 +0.7 +2.4 155.9
Reserve Bank of Australia (RBA) trimmed mean CPI:
Q2 +1.2 +4.3
Q1 +1.2 +4.0
Q2 2007 +0.9 +2.7
Reserve Bank of Australia (RBA) weighted median CPI:
Q2 +1.0 +4.5
Q1 +1.3 +4.4
Q2 2007 +1.0 +2.9
The CPI, excluding housing and financial and insurance services, rose 1.3 percent in the quarter and rose 3.3 percent over the year, the Australian Bureau of Statistics said.
In setting interest rates, the Reserve Bank of Australia (RBA) focuses on the average of its two core measures of inflation and seeks to keep it in a range of 2 to 3 percent over the medium term.
A Reuters poll showed market forecasts centred on the headline second-quarter CPI (all groups) rising 1.2 percent quarter-on-quarter and rising 4.3 percent on a year earlier.
The poll showed market forecasts centred on both the RBA trimmed mean and weighted median CPI measures rising 1.1 percent in the quarter. The trimmed mean was forecast to rise 4.3 percent on a year ago, while the weighted median was seen 4.5 percent higher for the year.
The Australian Bureau of Statistics Web site is: www.abs.gov.au. ($1=A$1.03) (Reporting by Anirban Nag; Editing by James Thornhill)
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