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Australia Core Inflation Accelerates as Currency Restraint Wanes

Australia’s core consumer price growth accelerated last quarter and the cost of imported goods increased as the inflation-restraining influence of an elevated currency waned.

The trimmed mean gauge of core prices rose 0.5 percent from the previous quarter, the Bureau of Statistics said in Sydney today, matching the median forecast of 22 economists surveyed by Bloomberg News. The weighted-median gauge of inflation, a second core measure that excludes the largest price increases and declines, advanced 0.7 percent, compared with economists’ estimates for a 0.5 percent gain.