Australia Trimmed Mean Consumer Price Index (QoQ) (Q2) 0.9% Vs. 1.1% Est.; 1.2% Prior
Portfolio Pulse from Benzinga Newsdesk
Australia's Trimmed Mean Consumer Price Index (CPI) for Q2 came in at 0.9%, lower than the estimated 1.1% and the previous quarter's 1.2%.
July 26, 2023 | 4:40 am
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The lower than expected CPI in Australia could impact the iShares MSCI Australia ETF (EWA), as it may indicate a slower economic growth.
The Consumer Price Index (CPI) is a key indicator of economic health. A lower than expected CPI suggests slower economic growth, which could negatively impact the performance of the iShares MSCI Australia ETF (EWA), as it is composed of Australian stocks.
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