Australia monthly CPI guide for September
Melbourne Institute data
- For the m/m comes in at 0.1% vs. prior 0.0% m/m,
- And for the y/y comes in at 1.5% vs. 1.7% prior
Official CPI data from OZ in only once a quarter.
Trimmed mean comes in at +0.2% m/m
- +1.6% y/y
The RBA target band for inflation is 2 to 3%. That is for core, or underlying inflation. The RBA has been missing for about 4 years on the band. Inflation is lower than target in many countries of course.