On Monday, the Melbourne Institute (MI) monthly inflation gauge was released, which showed that inflationary pressure remained well contained in November. As Justin Fabo at Antipodean Macro illustrates below, MI trimmed mean inflation increased by only 0.2% in October but rebounded to 0.5% on a quarterly basis. The following chart from Fabo suggests that “the
The post More good news for inflation and RBA appeared first on MacroBusiness.