INVESTINGLIVEEamonn Sheridan
Australia May CPI undershoots on headline but core inflation tops forecasts at 3.6%
The split verdict in the May CPI, a headline miss and a core beat, is the worst combination for the RBA's communication task. The bank cannot claim the inflation problem is resolving while trimmed mean is running 1.1 percentage points above the midpoint of its target band and 0.6
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