ONLY CHARTS - Aus CPI & Construction

Edition #95

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1. Australia’s monthly CPI rose +0.7% m/m and 3.6% y/y in April, which was again bang in line with our forecast (see here) but above market expectations (+3.4% y/y).

Remember that nearly 40% of the CPI basket by weight is not updated (i.e. held constant) in April.