Australia's annual inflation rate for the fourth quarter of 2023 was 4.1%, compared to 5% in the third quarter.4%, the lowest inflation rate since the fourth quarter of 2021。Meanwhile, the widely expected inflation rate fell to 4.3%。

According to the Australian Bureau of Statistics, Australia's commodity inflation rate slowed for the fifth consecutive quarter, from 4 in the third quarter..9% to 3.8%。Meanwhile, services sector inflation slowed for the second consecutive quarter, from 5 percent in the third quarter..8% down to 4.6%。

Food (YoY growth 4.5%, compared with 4 in the third quarter.8%), housing (YoY growth 6.1%, compared to 7% in Q3), Healthcare (YoY growth 5.1%, compared to 5% in the third quarter.4%), transportation (YoY growth 3.7%, compared with 5 in the third quarter.6%), entertainment culture (0.5% to 5.6%) and education (YoY growth 4.7%, compared with 4 in the previous quarter.8%) and other areas of prices have fallen.。

In the latest quarter, clothing prices declined (vs. Q3 0.9% growth compared to a decrease of 1.1%), furniture and home service prices also declined (vs. Q3 2.5% surge compared to a decline of 0.2%)。Consumer prices up 0 in Q4.6%, compared to a 1.2%。

This unexpected inflation data reinforces investor expectations of an earlier RBA rate cut。It is understood that the RBA is expected to keep interest rates unchanged at next week's policy meeting, while futures markets currently expect the RBA to cut rates in June with a probability of about 70%。

Aussie dollar down 0 on day of data release.35%, AUD / USD currency pair 0.6579, a major currency pair that has risen from yesterday's two-week high of 0.6624 down。