The Melbourne Institute Inflation Gauge
– +0.4% m/m (prior +0.2%)
– +1.3% y/y (prior +1.2%)
– ‘Trimmed mean’ in at +0.2% m/m and +0.8% y/y
We get official data from the Australia Bureau of Statistics once a quarter. This monthly data is still well short of the RBA 2 to 3 % target band, but moving a smidge higher (that’s a technical term).