In December, inflation data from TD Securities, published by the Faculty of Economics and Commerce at the University of Melbourne, have increased by 0.5% after rising 0.1% in November. In annual terms, the indicator rose to 1.8%, which is higher than the previous value of 1.5%.

Target inflation rate of the Reserve Bank of Australia is 2-3%, and judging by today's data, the central bank is likely to postpone an interest rate cut for some time