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.
- Importance
- Medium
- Publié
- Quarterly
- Devise
- AUD · Australian dollar
- Banque centrale
- The Reserve Bank of Australia
Derniers chiffres
La dernière publication, pour Q3, est parue le 2025-10-29 et s’est établie à 1%. C’est au-dessus du consensus de 0.8%. C’est plus que 0.7% la fois précédente (révisé).
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.
Sur les 4 dernières publications, la valeur est allée de 0.5% à 1%, avec une moyenne de 0.7%.
| Publié | Pour | Réel | Consensus | Précédent |
|---|---|---|---|---|
| 29 Oct 2025 | Q3 | 1% | 0.8% | 0.7% ® |
| 30 Jul 2025 | Q2 | 0.6% | 0.7% | 0.7% |
| 30 Apr 2025 | Q1 | 0.7% | 0.7% | 0.5% |
| 29 Jan 2025 | Q4 | 0.5% | 0.6% | 0.8% |
Pourquoi c’est important
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.
Mode de calcul
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.
Ce que signifient les variations
- 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.
Supérieur aux attentes : 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.
Inférieur aux attentes : 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.
Un bref historique
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.
Questions
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%).
Contenu éducatif uniquement, pas un conseil en investissement. Les chiffres sont les résultats publiés tels qu’enregistrés par notre calendrier ; les réactions de marché décrites sont typiques, non garanties.