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MNI BRIEF: Aussie Monthly CPI Lower At 4.3%

(MNI) Melbourne

The monthly Consumer Price Index rose 4.3% y/y in November from 4.9% the prior month, lower than the expected 4.4%, while trimmed CPI increased 4.6%, down from October’s 5.3%, data from the Australian Bureau of Statistics (ABS) showed Wednesday.

Michelle Marquardt, ABS head of prices statistics, said November’s rise was the smallest annual increase since January 2022.

The most significant contributors were housing (6.6%), food and non-alcoholic beverages (4.6%), insurance and financial services (8.8%) and alcohol and tobacco (6.4%).

Daniel covers the Reserve Bank of Australia and the Reserve Bank of New Zealand and leads the Asia-Pacific team.
Daniel covers the Reserve Bank of Australia and the Reserve Bank of New Zealand and leads the Asia-Pacific team.

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