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RBA likely to be comfortable on the CPI in line

FXStreet (Barcelona) - The Consumer Price Index released by the RBA and republished by the Australian Bureau of Statistics came in line.

CPI rose 0.5% in the September quarter 2014, compared with a rise of 0.5% in the June quarter 2014. Year on year came in at 2.3% as expected and less than 3.0% previous. This data gave the day some action for the Aussie dollar that move din a 50 pip rage. However, keeping in mind that there is a slow labour market and low wages growth, the markets can presume that the RBA will remain comfortable with this inflation outlook in respect the Nov meeting and words to that affect will like come about in their next statement.

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