Australian private survey inflation indicator edges higher for March

Melbourne Institute inflation gauge

+0.1% m/m in March

• prior -0.3% m/m

+2.2% y/y

• prior +2.1% y/y
  

Trimmed mean +0.1% m/m also (prior -0.1%) and +1.6% y/y. The Reserve Bank of Australia target band (over the course of a cycle) is 2 to 3 percent. So at 1.6% ... under.

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The next official data point for inflation from the Australian Bureau of Statistics is April 26

Australian private survey inflation indicator edges higher for March
Australian private survey inflation indicator edges higher for March
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