Australian CPI for April 6.8% vs. expected 6.4%, AUD pressured – by fx_ross CPI AUDUSD
Australian CPI for April 6.8% vs. expected 6.4%.While the data was higher than expected, a series of other data has arrived at the same time and is weighing on the Aussie. and republished by the Australian Bureau of Statistics, is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.
The purchasing power of AUD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive for the AUD, while a low reading is seen as negative . Note: This indicator started to be published in 2022 and it updates the price change for the last 12 months in Australia on a monthly basis, instead of the quarterly period of the main Australian CPI.
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