The Australian Bureau of Statistics published its latest quarterly findings on the nation’s producer price index (PPI), a measure of inflation at the producer level of the economy. The report measures the percent change in inflation on a quarterly basis for Australia and is connected to the economic growth of the Australian economy.
The forecast for this important quarterly report was for a mild 0.6%. The actual results of 0.8% has so far helped the Australian dollar (AUD) experience mixed swings in value as global investors grapple with debt concerns in the United States. The Aussie is typically linked to growing risk appetite and commodity prices. As either decline, so goes the AUD.
