Australian monthly inflation data 1.4% y/y (prior 1.5%)


Australian monthly inflation data for December. From the Melbourne Institute (this is not official CPI info, we only get that once a quarter, but its a good guide).

Headline comes in at: 0.3% m/m & 1.4% y/y

  • prior 0.0% m/m and 1.5% y/y 

And the ‘core’ measure, ie. trimmed mean is -0.1% m/m, 1.5% y/y 

  • prior -0.2% m/m and 1.5% y/y

RBA target band is 2 to 3% for the core. Not even close, haven’t been for years. If its policy and its been missing for years that is a failure. 





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