Aussie to remain under pressure on recent CPI?- UOB

Analysts at UOB reminded of the key data for Australia this week.

Key Quotes:

"Australia’s annual inflation rate slowed unexpectedly in the second quarter."

"CPI advanced at an annualized 1.9%, following a 2.1% uptick the previous quarter."

"Compared to the first quarter, the CPI rate accelerated 0.2%."

"That followed a 0.5% increase in the first quarter."

" The RBA’s trimmed mean CPI – a measure of core inflation – rose 1.8% annually. Core inflation was up 0.5% on the quarter."