Australia 2Q CPI Rises Less Than Expected

The transcript discusses weak inflation data in Australia, with figures below the RBA's target. The trimmed mean, a key measure, remains steady, while the Australian dollar has fallen, pleasing the RBA. Weakness in commodities prices is noted, and a chart shows divergence between the commodities index and CPI. Global inflation concerns are highlighted, with seasonal factors like Cyclone Debbie having less impact than expected. The RBA's response is anticipated, with a speech by Governor Phillip Lowe expected to address these issues, focusing on wages growth and the labor market.

What is the significance of the trimmed mean in the context of inflation?

What comments are expected from Phillip Lowe regarding wages growth?