Australia CPI rose 0.9% qoq in Q4, above expectation of 0.7% qoq. Annually, CPI accelerated from 0.7% yoy to 0.9% yoy, above expectation of 0.7% yoy. RBA trimmed mean CPI came in at 0.4% qoq, 1.2% yoy. Weighted mean CPI was at 0.5% qoq, 1.4% yoy.
Head of Prices Statistics at the ABS, Michelle Marquardt said: “The December quarter CPI was primarily impacted by an increase in tobacco excise and the introduction, continuation and conclusion of a number of government schemes, including childcare fee subsidies and home building grants.”
