Australian inflation data for Q2 2022 is due Wednesday 27 July – preview

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Eamonn Sheridan

CPI data from Australia for the April to June quarter:

  • This snapshot from the ForexLive economic data calendar, access it here.
  • The times in the left-most column are GMT.
  • The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where is a number, is the consensus median expected.

As I posted earlier:

CPI preview via ASB in New Zealand:

  • We expect the consumer price index (CPI) rose by 1.9% in the quarter, to take the annual rate of CPI inflation to 6.2%/yr. We anticipate higher petrol prices, as well as continued rising food, housing, and energy costs to be some of the key drivers of the increase.
  • If the CPI prints broadly in line with our forecast, we expect the RBA to increase the cash rate by 50 basis points at the August Board meeting next Tuesday.

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