Australia (monthly) inflation gauge: +0.4% m/m (prior +0.2% m/m)

The Melbourne Institute Inflation Gauge

• +0.4% m/m (prior +0.2%)
• +1.3% y/y (prior +1.2%)
• 'Trimmed mean' in at +0.2% m/m and +0.8% y/y

We get official data from the Australia Bureau of Statistics once a quarter. This monthly data is still well short of the RBA 2 to 3 % target band, but moving a smidge higher (that's a technical term).