Melbourne Institute inflation gauge

+0.1% m/m in March

  • prior -0.3% m/m

+2.2% y/y

  • prior +2.1% y/y

Trimmed mean +0.1% m/m also (prior -0.1%) and +1.6% y/y. The Reserve Bank of Australia target band (over the course of a cycle) is 2 to 3 percent. So at 1.6% ... under.
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The next official data point for inflation from the Australian Bureau of Statistics is April 26