Australia’s Melbourne Institute inflation gauge rose 0.3% in November, matching the previous month,
- the annual measure edged up to 3.2% from 3.1%
The core measure (trimmed mean) +0.3% m/m
- and +2.8% y/y (prior +2.6%)
The data indicate domestic price pressures remain sticky, with underlying momentum still running above the Reserve Bank of Australia’s 2–3% target band.
This article was written by Eamonn Sheridan at investinglive.com.
