SCOREBOARD: CPI confusion

The higher-than-expected core inflation print brings little clarity to the RBA's next rates decision.

The data

- Headline CPI (Australia) was weaker than expected, being unchanged in the December quarter (a gain of 0.2 per cent expected; me at 0.4 per cent). Annually, CPI is 3.1 per cent higher, down from 3.5 per cent in the third quarter.

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