Free Trial

MNI BRIEF: Aussie Trimmed Mean Rises In Oct

MNI (SYDNEY) - Australian monthly trimmed mean inflation rose 30 basis points over October to 3.5% y/y, while headline CPI grew 2.1% y/y, 20bp better than expected, data from the Australian Bureau of Statistics showed Wednesday. 

Trimmed mean is the Reserve Bank of Australia’s preferred measure of inflation. (See MNI: RBA Rate On Track For Cuts, Trump Adds To Risk-Ex Staff) The RBA expects the metric to print at 3.4% y/y by Q4 and be back within the top of its 2-3% target band by June 2025. 

Keep reading...Show less
149 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (SYDNEY) - Australian monthly trimmed mean inflation rose 30 basis points over October to 3.5% y/y, while headline CPI grew 2.1% y/y, 20bp better than expected, data from the Australian Bureau of Statistics showed Wednesday. 

Trimmed mean is the Reserve Bank of Australia’s preferred measure of inflation. (See MNI: RBA Rate On Track For Cuts, Trump Adds To Risk-Ex Staff) The RBA expects the metric to print at 3.4% y/y by Q4 and be back within the top of its 2-3% target band by June 2025. 

Keep reading...Show less