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Australia Q4 2018 consumer price inflation likely to register 0.4 pct q/q, 1.6 pct y/y: ANZ Research

Australia’s consumer price inflation for the last quarter of 2018 is expected to see a 0.4 percent q/q rise in headline inflation in Q4, pushing the annual rate down to 1.6 percent, according to the latest report from ANZ Research.

A sharp fall in petrol prices is the largest negative for the headline figure, while retail price deflation continues to be a drag. Domestic air travel and tobacco prices will make positive contributions.

Core prices are expected to rise 0.5 percent q/q, which would leave the annual rate unchanged at 1.8 percent.

"We see the risk to core inflation for the quarter as very much to the downside. The forecast for core inflation is consistent with what the RBA published in its November Statement on Monetary Policy," the report added.

However, the evolution of headline inflation has been slower than expected, February’s SoMP can be expected to include a downward revision to the RBA’s near-term headline CPI forecast.

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June 18 13:00 UTC Released

RUPPI MM

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1.8 %

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0.5 %

June 18 13:00 UTC Released

RUPPI YY

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8.6 %

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10.7 %

January 31 00:00 UTC 725106725106m

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January 22 19:00 UTC 736926736926m

ARTrade Balance

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-1541 %

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January 22 19:00 UTC 736926736926m

ARTrade Balance

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-1541 %

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 725106725106m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 725106725106m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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