Australia Tasa De Inflación

Australia's inflation rate was at 4.1% yoy in Q4 of 2023, down from 5.4% in Q3 and below market expectations of 4.3%. This was the lowest figure since Q4 of 2021, as goods inflation eased for the fifth consecutive quarter (3.8% vs 4.9% in Q3) and services inflation slowed for the second straight quarter (4.6% vs 5.8%). Notably, inflation moderated for food (4.5% vs. 4.8% in Q3), housing (6.1% vs 7.0%), health (5.1% vs 5.4%), transport (3.7% vs 5.6%), recreation & culture (0.5% vs 5.6%), education (4.7% vs 4.8%), and insurance & financial services (8.1% vs 8.6%). Simultaneously, cost fell for clothing (-1.1% vs 0.9%), and furnishing and household services (-0.2% vs 2.5%). By contrast, prices quickened for alcohol and tobacco (6.6% vs 4.9%), furniture (6.9% vs. 4.9%), and communication (2.2% vs 1.3%). Meanwhile, the RBA's Trimmed Mean CPI increased by 4.2% yoy, the softest rise since Q1 of 2022, after a 5.2% gain in Q3, but remained outside the central bank's target range of 2-3%.