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).
