Underlying inflation measures · Australia

Australia RBA Trimmed Mean CPI QoQ

The Australia RBA Trimmed Mean CPI QoQ is an alternative measure of underlying inflation in Australia, built to strip out one-off price jumps without simply dropping whole categories.

Wichtigkeit
Medium
Veröffentlicht
Quarterly
Währung
AUD · Australian dollar
Zentralbank
The Reserve Bank of Australia
Bewegt
AUDCAD · AUDCHF · AUDJPY · AUDNZD · AUDUSD · EURAUD · GBPAUD

Neueste Zahlen

Die letzte Veröffentlichung, für Q3, erschien am 2025-10-29 und lag bei 1%. Das liegt über dem Konsens von 0.8%. Das ist mehr als 0.7% beim letzten Mal (revidiert).

A higher figure than expected makes the Reserve Bank of Australia more likely to keep rates high or raise them: it tends to support the Australian dollar and push bond yields up, and is often a weight on stocks.

In den letzten 4 Veröffentlichungen lag der Wert zwischen 0.5% und 1%, im Schnitt 0.7%.

Jan 2025: 0.5%Apr 2025: 0.7%Jul 2025: 0.6%Oct 2025: 1% Jan 2025Oct 2025
Tatsächliche Ergebnisse; der kurze Strich auf einem Balken markiert den Konsens.
VeröffentlichtFürIstKonsensVorher
29 Oct 2025Q31%0.8%0.7% ®
30 Jul 2025Q20.6%0.7%0.7%
30 Apr 2025Q10.7%0.7%0.5%
29 Jan 2025Q40.5%0.6%0.8%

Im Wirtschaftskalender ansehen →

Warum es wichtig ist

the Reserve Bank of Australia watches these measures to judge whether inflation is broad-based. When they agree with the headline, the trend is real; when they diverge, a few items are distorting the picture.

So wird gerechnet

A trimmed mean removes the items with the largest and smallest price changes (for example the top and bottom 15% by weight) and averages the rest; a weighted median takes the price change in the middle of the distribution. Other variants hold mortgage interest costs fixed or use common components.

Was Veränderungen bedeuten

  • A trimmed mean or median near the target is the clearest sign that inflation is under control.
  • When the headline jumps but these do not, the move is likely temporary.

Höher als erwartet: A higher figure than expected makes the Reserve Bank of Australia more likely to keep rates high or raise them: it tends to support the Australian dollar and push bond yields up, and is often a weight on stocks.

Niedriger als erwartet: A lower figure than expected gives the Reserve Bank of Australia room to cut or hold rates lower: the Australian dollar tends to soften and bond yields to fall.

Eine kurze Geschichte

Trimmed means were developed in the 1990s (Bryan and Cecchetti at the Cleveland Fed); the Reserve Bank of Australia and the Bank of Canada give them a central place in their policy.

Fragen

What is the Australia RBA Trimmed Mean CPI QoQ?

The Australia RBA Trimmed Mean CPI QoQ is an alternative measure of underlying inflation in Australia, built to strip out one-off price jumps without simply dropping whole categories.

What was the latest Australia RBA Trimmed Mean CPI QoQ?

1% for Q3, published on 29 October 2025 (consensus 0.8%, previous 0.7%).

Nur Bildungsinhalte, keine Anlageberatung. Die Zahlen sind die veröffentlichten Ergebnisse, wie sie unser Kalender erfasst hat; die beschriebenen Marktreaktionen sind typisch, nicht garantiert.