Australia - TD Securities/MI Inflation Gauge for November: +0.1% m/m (prior flat at 0% m/m)

Australia - TD Securities/Melbourne Institute (MI) Inflation Gauge for November,

0.1% m/m

• prior was 0.0% m/m

1.8% y/y

• prior was 1.8% y/y

The 'trimmed mean' from TD is in at flat m/m and 1.6% y/y ... that y/y is beneath the RBA target band of 2 to 3%

Also:

• Non-tradables 2.3% y/y (prior 2.4)
• Tradables 1.1% (prior 0.9%)

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Low inflation gives the RBA 'scope' to ease again, should they judge that necessary. If unemployment starts to edge higher (its edging lower on the most recent data, though) then the 'scope' becomes more forceful. At present the RBA is relatively sanguine on the economic outlook and are on hold.

Meanwhile, AUD triggering a few stops to the downside