Melbourne Institute Inflation gauge
– Up 0.1% m/m, prior +0.2%
– Up 1.5% y/y, prior also +1.5%
The ‘trimmed mean’ is up 0.2% m/m and up 1.1% y/y
While this is not the official inflation data from Australia (we get that from the Australian Bureau of Statistics once a quarter) it’s a useful indicator for inflation. Note the RBA target band is 2 to 3% over the medium term … and so thus is still well short of that.