Australian December inflation gauge 0.6% m/m (prior 0.2%) & 2.6% y/y (prior 2.9%)

Australian Melbourne Institute Inflation Gauge for December 2024:

0.6% m/m, the largest jump higher in a year

• prior 0.2%
• trimmed mean +0.4% m/m, highest since March 2024

2.6% y/y

• prior 2.9%

AUD is little changed. Around 0.6155.

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The Australian Melbourne Institute Inflation Gauge is an independent, monthly measure of inflation in Australia. It is designed to provide an early indicator of price trends before the official quarterly inflation data is released by the Australian Bureau of Statistics (ABS).

Key Differences

It also leads the monthly Australian Bureau of Statistics CPI data. For example, the ABS December month data is due on January 29.

This article was written by Eamonn Sheridan at www.forexlive.com.