A private gauge of Australian inflation rose only marginally in October while measures of core inflation stayed benign, adding somewhat to the case for a cut in interest rates this week.
The TD Securities-Melbourne Institute’s measure of consumer prices rose 0.1 percent in October, from September when it increased by 0.2 percent. The annual pace of inflation held steady at 2.4 percent.-RTRS
AUD/USD trading on session highs at 1.0345/49.
