Quarterly RBA Trimmed Mean CPI (YoY)

The Trimmed Mean Consumer Price Index (CPI), released by the Australian Bureau of Statistics , is a measure of underlying inflation. It is calculated as the weighted average of the central 70% of the quarterly price change distribution of all CPI components in order to smooth the data from the more-volable items. The quarterly CPI data series are calculated as the average of the three revelant monthly CPIs. The YoY reading compares prices in the reference quarter to the same quarter a year earlier. Generally, a high reading is seen as bullish for the Australian Dollar (AUD), while a low reading is seen as bearish.