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Monthly inflation indicator comes in soft

November 30, 2022 - 11:53 -- Admin

The Australian Bureau of Statistics’ monthly inflation indicator has come in much softer than expected, recording 6.9% year-on-year growth in October (versus expected 7.4%): The trimmed mean measure is 5.3% for October, also significantly lower than the expected 5.7% and 0.1% below September’s 5.3%. The most significant price rises were Housing (+10.5%), Food and non-alcoholic

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