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Financial News: Australia Inflation Data Due On Wednesday

Australia Inflation Data Due On Wednesday

10/27/2020 - 18:00:00 (RTTNews)

(RTTNews) - Australia is on Wednesday scheduled to release Q3 figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.

Inflation is tipped to rise 1.5 percent on quarter and 0.7 percent on year after sinking 1.9 percent on quarter and 0.3 percent on year in the previous three months.

The Reserve Bank of Australia's trimmed mean is tipped to add 0.3 percent on quarter and 1.1 percent on year after falling 0.1 percent on quarter and gaining 1.2 percent on year in Q2. The RBA's weighted median is expected to add 0.3 percent on quarter and 1.3 percent on year after gaining 0.1 percent on quarter and 1.3 percent on year in Q2.

Thailand will see September numbers for industrial production; in August, production was down 9.34 percent on year.

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