Inflation Rate MoM

The Consumer Price Index in Australia increased 0.60 percent in the third quarter of 2017 over the previous quarter. Inflation Rate Mom in Australia averaged 1.23 percent from 1950 until 2017, reaching an all-time high of 7.55 percent in the fourth quarter of 1951 and a record low of -1.54 percent in the fourth quarter of 1953.
Higher than expected or rising figures for the inflation rate on a monthly basis indicate inflationary pressures in the economy and are positive for the Australian Dollar, as the Reserve Bank of Australia may raise interest rates and tighten its monetary policy. The inflation rate in Australia on a monthly basis is in general in a downtrend from year 2012, but from year 2016, this downtrend has turned to an uptrend.
In general the monthly changes of the inflation rate may be subject to seasonality, so the monthly trend over a significant amount of time period is more indicative of the existence or not of actual inflationary pressures in the economy. However large positive or negative surprises in the actual versus expected readings can move the Australian Dollar upon their release.