Australian November CPI 2.3% y/y (vs. expected 2.2%)

November CPI 2.3% y/y

vs. expected 2.2% and prior 2.1%

Trimmed mean (a measure of core inflation) 3.2% y/y

• vs. prior 3.5%

That lower trimmed mean, a guide to underlying (core) inflation is encouraging. AUD/USD dips a little on the release.

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As background top this I posted on why the monthly CPI is not as well regarded as the quarterly CPI:

• Economic calendar in Asia Wednesday, January 8, 2025 – Australian inflation data

The next quarterly reading is due on January 29 (11.30 am Sydney time).

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