TD Securities/Melbourne Institute (MI) Inflation Gauge for September

+0.3 % m/m

  • prior was +0.1%

+1.9% y/y

  • prior +1.7%

The 'trimmed mean is +0.2% m/m and +1.6% y/y (priors were 0.0% m/m and at 1.5% y/y)

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A slight uptick this month ... Note - The RBA target band is 2 - 3% ... so today's results are indicative of inflation still below target