TD/Melbourne Institute Inflation gauge +0.9% m/m
- this is the largest m/m jump since January this year
- prior +0.2%
+5.9% y/y
- prior +6.1%
Trimmed mean 0.8% m/m and 5.2% y/y
- prior 0.3% m/m and 5.5% y/y
Uh-oh. The Reserve Bank of Australia meeting is tomorrow. While consensus expectation is for an on hold decision this might produce e a little nervousness at the RBA. .