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Australia Q4 CPI Gains 0.4% On Quarter, 1.8% On Year

Consumer prices in Australia were up 0.4 percent on quarter in the fourth quarter of 2018, the Australian Bureau of Statistics said on Wednesday - unchanged from Q3 and in line with expectations.

On a yearly basis, inflation advanced 1.8 percent - exceeding expectations for 1.7 percent and down from 1.9 percent in the three months prior.

The Reserve Bank of Australia's trimmed mean came in at 0.4 percent on quarter and 1.8 percent on year - both as expected and unchanged.

The RBA's weighted median was up 0.4 percent on quarter - shy of forecasts for 0.5 percent and up from 0.3 percent in the previous three months. It was also up 1.7 percent on year, matching forecasts and down from 1.8 percent in Q3.

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