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Australian October Melbourne Institute Inflation Gauge +0.3% m/m (prior +0.1%)
globalreutersNovember 4, 20241 Mins read The Melbourne Institute Inflation Gauge is a privately surveyed inflation indicator. it was the ‘go to’ for a guide to monthly inflation data for Australia prior to the Australian Bureau of Statistics introducing their monthly measure.
For October 2024:
- +0.3% m/m (prior +0.1%)
- +3.0% y/y (prior +2.6%)
The jump will not be welcome news to the Reserve Bank of Australia.
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
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