ONLY CHARTS #242

Aus monthly CPI, Aus job vacancies

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1. Australia’s monthly CPI rose +0.5% m/m in November and year-ended inflation rose to +2.3% y/y from +2.1% y/y in October. This was close to our +2.4% y/y forecast.

The slightly softer-than-expected outcome was partly accounted for by new dwelling prices falling a sizeable 0.6% m/m (see below).

2. Australia’s trimmed mean inflation slowed to +3.2% y/y in November from +3.5% y/y previously.