Official CPI data from Australia is only once a quarter, this is a monthly indicator - a private survey of inflation from the Melbourne Institute.
- For the m/m, comes in at 0.0% (unchanged)
- For y/y 2.1%
MI also provide a core measure, 'trimmed mean'
- Comes in at 2.2% y/y
The Reserve Bank of Australia target band for inflation is 2 to 3%, so if official data confirm the trimmed mean at 2.2% the RBA will be content.
Stay tuned, there is a big, KFC-sized, bucket of data coming up from ozzAustralia at the bottom of the hour:
