Australian monthly inflation gauge. Headline +1% m/m and Core +0.7% m/m

The Melbourne Institute Monthly Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term gauge for November 2022

Headline +1.0% m/m (prior +0.4%)

• +5.9% y/y (prior 5.2%)

Trimmed mean core inflation +0.7% m/m

• +4.9% y/y (prior 4.9%)

The Reserve Bank of Australia policy meeting is tomorrow. The Bank scaled back its cash rate hikes to 25bp rises in both September and October after a run of +5-bps.

The RBA is expected to hike 25bp tomorrow.

The RBA has slowed its rate hikes as it assesses the past hikes' impact on the economy.

Preview:

• Westpac are forecasting a +25bp cash rate hike at the RBA meeting on December 6 2022

RBA statement is due on Tuesday, 6 December 2022 at 0330 GMT.