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In-line inflation eases rate cut pressure

Matthew Cranston
Matthew CranstonUnited States correspondent

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The headline inflation rate rose 0.5 per cent during the September quarter pushing the annual rate up to 1.7 per cent from 1.6 per cent in seasonally adjusted terms.

The key annual core measure watched by the Reserve Bank - the trimmed mean inflation - came in at 0.4 per cent during the quarter, pushing the annual rate down to 1.6 per cent, in line with the RBA's forecast of 1.6 per cent for this year.

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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p535mr