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RBA to Sift Tomatoes, Capsicums in CPI Stew -- Market Talk

23 Jul 2017 10:55 pm

22:55 GMT [Dow Jones]--Wednesday's 2Q CPI print is very much in focus in Australia this week, alongside side a speech by RBA Governor Philip Lowe the same day. One key uncertainty is the effect of Cyclone Debbie on fruit and vegetable prices. The winter tomato and capsicum crops were particularly impacted, says ANZ. The bank has forecast a significant rise in fruit and vegetable prices, sufficient to add 0.2 percentage points to headline CPI, which it expects to have risen by 0.5% on-quarter in 2Q. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

July 23, 2017 18:55 ET (22:55 GMT)

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