Australian November monthly inflation is expected to jump from October ...Middle East

also had a quick rundown on recent inflation data and implications for the Reserve Bank of Australia. ICYMI:

Economic calendar in Asia Wednesday, January 8, 2025 - Australian inflation data

We anticipate headline inflation rose to 2.6%/yr in November, a ½ppt rise from the pace in October. The annual trimmed mean measure of core inflation is expected to have ticked down a touch to 3. 4 %/yr from 3.5%/yr . This configuration of a solid lift in headline CPI but a slightly lower core inflation figure predominantly reflects the inflationary impact of the gradual unwind of the electricity rebates . This unwind will occur through to July 2025 , as currently legislated.

Impact:

Markets may knee - jerk react to a higher headline print , particularly after the most recent jobs report

CBA are well above the consensus forecast:

This article was written by Eamonn Sheridan at www.forexlive.com.

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