FX.co ★ Australian Trimmed Mean CPI Shows Slight Dip to 4% in First Quarter of 2024

The latest data released by the Australian Bureau of Statistics reveals that the Trimmed Mean Consumer Price Index (CPI) for the first quarter of 2024 has shown a slight dip to 4%, compared to the previous quarter's 4.2% in the fourth quarter of 2023. This change indicates a moderation in inflationary pressures in Australia.

The Trimmed Mean CPI is an important economic indicator that excludes extreme price movements to provide a more accurate reflection of underlying inflation trends. The data, which was updated on April 24, 2024, shows a year-over-year comparison and highlights the current economic conditions in Australia. Economists will be closely monitoring future CPI releases to gauge the overall economic health of the country.