Consumer Price Index (YoY)

The quarterly Consumer Price Index (CPI) published by the Australian Bureau of Statistics (ABS) has a significant impact on the market and the AUD valuation. The gauge is closely watched by the Reserve Bank of Australia (RBA), in order to achieve its inflation mandate, which has major monetary policy implications. Rising consumer prices tend to be AUD bullish, as the RBA could hike interest rates to maintain its inflation target. The data is released nearly 25 days after the quarter ends.

Most recent - Wednesday 30 October 2024 00:30

Previous
3.8%
Forecast
2.9%
Actual
2.8%

Lower numbers than forecast tend to be bullish for xxx/AUD pairs and bearish for AUD/xxx pairs.

Next event - Wednesday 29 January 2025 00:30

Previous
2.8%
Forecast
-
Actual
-

The typical/expected impact on AUD pairs is medium.

There is no forecast value for Consumer Price Index (YoY) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Consumer Price Index (YoY) was 2.8% against a forecast of 2.9%.

Past events

Date
Forecast
Actual
Wednesday 30 October 2024 00:30
2.9%
2.8%
Wednesday 31 July 2024 01:30
3.8%
3.8%
Wednesday 24 April 2024 01:30
3.4%
3.6%
Wednesday 31 January 2024 00:30
4.3%
4.1%
Wednesday 25 October 2023 00:30
5.3%
5.4%
Wednesday 26 July 2023 01:30
6.2%
6%
Wednesday 26 April 2023 01:30
6.9%
7%
Wednesday 25 January 2023 00:30
7.5%
7.8%
Wednesday 26 October 2022 00:30
7%
7.3%
Wednesday 27 July 2022 01:30
6.2%
6.1%
Wednesday 27 April 2022 01:30
4.6%
5.1%
Tuesday 25 January 2022 00:30
3.2%
3.5%

Economic context

Recent economic data has been broadly neutral for AUD. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (YoY) result:

PreviousLatest
Consumer Inflation ExpectationsBullish change3.8%4.2%
Westpac Consumer ConfidenceBearish change5.3%-2%
Judo Bank Composite PMIBearish change50.249.9
Judo Bank Manufacturing PMIBearish change49.448.2
Judo Bank Services PMIBearish change50.550.4
Employment Change s.a.Bullish change12.1K35.6K
Full-Time EmploymentBullish change9K52.6K
Participation RateBearish change67.1%67%
Part-Time EmploymentBearish change3.2K-17K
Unemployment Rate s.a.Bullish change4.1%3.9%
RBA Interest Rate Decision(no change)4.35%4.35%

About Consumer Price Index (YoY)

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Inflation
Frequency:Quarterly

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