Australian CPI

Australian CPI

CPI (Consumer Price Index) is one of the most important Australian economic indicators. The release will take place at 4:30 MT time on July 25. The index has a big impact on the policy of the Reserve Bank of Australia and, as a result, on the Australian dollar’s exchange rate.

Australian CPI is released once in 3 months, so it’s natural that every time the market pays great attention to it. After all, it will set the direction for the AUD:

• If the data is greater than the forecast, the AUD will rise.

• If the data is weaker than the forecast, the AUD will go down.

Check the economic calendar

AUDUSDDaily.png

So far, consumer price inflation has been below the RBA 2-3% medium-term target and wage growth has stalled close to the record low.

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