Australian inflation picking up more than RBA may wish for...

Australia's CPI numbers (QoQ/YoY) came at +0.8% and +2.7% in Q4 vs +0.4% and 2.4% expected, respectively. The ‘trimmed mean’ (measure the RBA focus the most), came at +0.9% and +2.6%(QoQ and YoY) vs 0.6% and 2.3% expected, respectively.
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