All eyes will be on Australia's quarterly inflation this week. The market is expecting 6-6.5%, consensus is at 6.3%. But here's the thing, the inflation rate doesn't really matter because it is a backward indicator. A lot has happened since the end of June and we think that the inflation rate has already peaked because many of the driving components, particularly oil prices, are already coming down.
Share this post
Why this week's Aussie inflation numbers…
Share this post
All eyes will be on Australia's quarterly inflation this week. The market is expecting 6-6.5%, consensus is at 6.3%. But here's the thing, the inflation rate doesn't really matter because it is a backward indicator. A lot has happened since the end of June and we think that the inflation rate has already peaked because many of the driving components, particularly oil prices, are already coming down.