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.