It is a busy morning on the Asian economic calendar. However, while investors await the Bank of Japan’s monetary policy decision, Australian wholesale inflation figures drew interest following the softer CPI Report on Wednesday.
The Australian Producer Price Index increased by 5.2% in Q1 year-over-year versus a forecasted 5.0%. In Q4, the Producer Price Index increased by 5.8%. Quarter-on-quarter, the Index rose by 1.0% versus 0.7% in Q4. Economists forecast a 0.8% increase.
According to the ABS,
- Electricity and gas supply (+13.3%), the output of building construction (+1.1%), and education and training services (+3.7%) were the main…
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