The data showed headline inflation came in at 3.8%, also exceeding forecasts. — Bloomberg
SYDNEY: Australia’s core inflation came in stronger than anticipated in October, suggesting the Reserve Bank (RBA) will remain on the sidelines as it tries to assess whether the economy is running beyond its speed limit.
The currency and the yield on policy sensitive three-year government notes climbed after the closely-watched trimmed mean gauge of consumer prices, which shaves off volatile items, advanced 3.3% from a year ago, official data showed yesterday.
