Australian Consumer Price Index (CPI)(y/y)

The Consumer Price Index (CPI) measures the evolution of the prices of goods and services from the consumer’s point of view. This index is an important method for measuring changes in purchasing power and inflation trends. The impact of changes in this index on the currency can occur in two ways: The increase in CPI can lead to an increase in interest rates and an increase in the value of the desired currency. On the other hand, an increase in CPI during a recession can lead to a deeper recession and a decline in the value of the target currency.

The annual Australian Consumer Price Index was released at 12:30 p.m. on January 25 and came in at 8.4%, which was better than expected. It was expected that this index would be at 7.6%. It should be noted that this index was 44.7% last year.