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Australia's Consumer Price Index (CPI) remained flat at 0.0% month-over-month in October, contrary to forecasts of a 0.2% decline. Annual inflation rose to 3.8% year-over-year, surpassing expectations. The Reserve Bank of Australia's (RBA) preferred core measure, the trimmed mean CPI, increased by 0.3% month-over-month and 3.3% year-over-year, indicating ongoing inflationary pressures.These figures, now the primary inflation gauge under the new monthly reporting format, suggest that the RBA is unlikely to cut interest rates in the near future. This development has delayed expectations for monetary easing and provided support for the Australian dollar.

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