Australia: Headline inflation likely to print 2.1% - RBC CM

In view of analysts at RBC Capital Markets, Australia’s headline inflation (tonight) will be boosted by the impact of higher retail electricity and gas prices in the quarter.

Key Quotes

“Our economists are a little above consensus for headline inflation (2.1% y/y vs 2.0%). Q3 CPI is likely to  cement  the  view  that  core  inflation  has  troughed  and  edging slightly higher, back within the RBA’s 2‐3% range for  the first time since late 2015.”