Australia monthly inflation gauge (December): +0.1% m/m (prior 0.2%)

The Melbourne Institute Inflation Gauge

• +0.1 % m/m (prior +0.4%)
• +2.3 % y/y (prior +2.7%)
• 'Trimmed mean' in at +0.1% m/m and +2.2% y/y

We get official data from the Australia Bureau of Statistics once a quarter.

This monthly data is a private survey result and is a reasonable guide to the official figure

The Reserve Bank of Australia target band for inflation is 2 to 3% over the course of a cycle. With the trimmed mean at 2.2% they'll not be unhappy.