According to Jinshi Data, Australia's CPI remained at a three-year low in October, but core inflation rose slightly as government tax rebates continued to suppress electricity prices. According to the Australian Bureau of Statistics, the annual CPI rate in October was 2.1%, the same as in September and lower than the market expectation of 2.3%.
The trimmed mean of core inflation, CPI, rose to 3.5% from 3.2%, above the RBA’s target range of 2%-3%, which is an obstacle to rate cuts.