RBA Trimmed Mean CPI (QoQ)

The Consumer Price Index (CPI), released by the Australian Bureau of Statistics on a quarterly basis, measures the changes in the price of a fixed basket of goods and services acquired by household consumers. The QoQ reading compares prices in the reference quarter to the previous quarter. The trimmed mean, which is a measure of underlying inflation, is calculated as the weighted average of the central 70% of the quarterly price change distribution of all CPI components in order to smooth the data from the more-volatile components. Generally, a high reading is seen as bullish for the Australian Dollar (AUD), while a low reading is seen as bearish.