Aussie November CPI Preview

Australia’s November CPI will be released on 10 January. This release now attracts significant market attention, with the undershoot in the October release sending Aussie bond yields sharply lower.

Here’s a quick summary, with all the detail further below.

We expect year-ended headline inflation to have moderated further from +4.9% in October to +4.4% in November. The risks feel skewed a bit to the downside.

• Inflation is expected to have been around +0.4% m/m and a bit below 4% on an annualised 3m/3m basis (down from 5.1% in October).