Track the AU Trimmed Mean CPI m/m for insights into underlying monthly inflation trends in Australia, excluding the most volatile price movements.
The Monthly Trimmed Mean Consumer Price Index (CPI) provides a timely view of underlying inflation in Australia by excluding the most volatile price movements each month. Introduced alongside the monthly CPI indicator by the Australian Bureau of Statistics, this measure helps traders and policymakers assess persistent inflation pressures without the noise of temporary price swings. Rising trimmed mean inflation often signals that the Reserve Bank of Australia may tighten monetary policy, which generally supports the Australian dollar.
What it Measures
Monthly change in the prices of goods and services purchased by consumers, excluding the most volatile 30% of items.
Usual Effect
When the 'Actual' value exceeds the 'Forecast', it generally has a positive effect on the currency.
Source & Frequency
Australian Bureau of Statistics (latest release) - https://www.abs.gov.au/ • Released monthly, about 4 weeks after the month ends.
How Data is Derived
Weighted average price change with the most volatile 30% of items excluded to reveal underlying inflation trends
Also Known As
Monthly Trimmed Mean CPI Indicator
Acronym
Consumer Price Index (CPI)