Australia’s TD-MI Inflation Gauge rose to 4.9% year on year in October, up from 2.8% previously. The increase points to a sharper pace of price growth during the month, based on the gauge’s reading.
Acceleration in Annual Inflation
The shift from 2.8% to 4.9% marks a clear acceleration in the annual inflation rate captured by the indicator.
Implications for Markets and Price Pressures
Markets often track the TD-MI measure alongside official CPI prints for near-term inflation signals, and the latest data suggest price pressures strengthened in October.
