Australia: Melbourne Institute January headline inflation gauge +0.3% m/m (prior +1.0%)

Last month this data sent a shiver through Australian financial markets, with a huge jump:

Since then we had more subdued official data:

For January, headline rates:

+0.3% m/m

  • prior +1.0%

4.6% y/y

  • prior 5.2%

Trimmed mean (a measure of core inflation)

+0.2% m/m

  • prior +0.9%

4.4% y/y

  • prior 5.2%

The RBA statement for February is due tomorrow:

This article was written by Eamonn Sheridan at

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