Melbourne Institute private survey of inflation, comes out monthly
0.4 % m/m
- prior 0.0%
1.9 % y/y
- prior 1.6%
Inflation in Australia has been missing (below) target, but this data indicates a pick up. Not ethe 'core' measure though:
- trimmed mean comes in at 0.2% m/m and 1.8% y/y
The RBA core inflation target is 2 - 3%
-
Official CPI data is due from Australia on January 30
