Australia Melbourne Institute monthly inflation for November +0.3% m/m (prior -0.1%)

<p>The Melbourne Institute Inflation Gauge is produced by the Melbourne Institute of Applied Economic and Social Research at the University of Melbourne.</p><ul><li>+0.3% m/m vs. -0.1% prior</li><li>4.4% y/y vs. 5.1% prior<ul><li>4.4% y/y is its slowest in 19 months</li></ul></li></ul><p>The y/y benefitting from base effects but the monthly rising after its October drop.</p><p>For the trimmed mean (this is a measure of core, or under;lying inflation) it's a similar story:</p><ul><li>+0.2% m/m in November</li><li>3.8% y/y (prior 5.0%) <ul><li>y/y slowest in 17 months</li></ul></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.