Original article by Peter Hannam
The Guardian Australia – Page: Online : 25-Jan-23

The Australian Bureau of Statistics will release inflation data for the December quarter on Wednesday. Many economists expect the annual headline inflation rate to have peaked at 7.5 per cent in the quarter, compared with 7.3 per cent in the previous three months. The trimmed mean is the Reserve Bank of Australia’s preferred measure of inflation; the general consensus of economists is that this will be 6.4 per cent in the December quarter, compared with 6.1 per cent in the previous quarter. However, the ANZ Bank expects a headline inflation rate of 7.7 per cent and a trimmed mean of 6.7 per cent. The bank contends that the RBA is likely to increase the cash rate three times by May, given that both measures will still be well above its target range of 2-3 per cent.

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AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ