Consumer Price Index. Australia, 03:30 (GMT+2)

Consumer Price Index. Australia, 03:30 (GMT+2)

At 03:30 (GMT+2), in Australia Q1 2019 Consumer Price Index will be published. It is the main indicator of inflation in the country, which reflect the change in the level of retail prices for a certain “basket” of goods and services: food, transport, utilities, health care and so on. It is predicted that the index will decline from 1.5% YoY to 1.8% YoY and from 0.5% QoQ to 0.2% QoQ. The implementation of the forecast may weaken AUD, as it will give the RBA a reason to start lowering interest rates.

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