October monthly inflation data from Melbourne Institute

+0.2% y/y

  • prior 0.3%

+3.1%

  • prior +2.7%

Trimmed mean +0.2% m/m

  • 2.8% y/y (prior 2.6%)

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Official CPI data is once a quarter in Australia, this monthly guide is a good heads up for the quarterly data.

  • Last week we got Q3 CPI, with the core popping into the RBA target band for the first time since 2015. The day after the data: RBA throws in the towel on YCC