The Australian monthly inflation data is here:Australian April CPI 3.6% y/y (expected 3.4%)As I pointed out a couple of times, the monthly CPI data from Australia does not show all components of the CPI, that'll have to wait for the quarterly data release.The monthly CPI indicator does, however, provide a timelier indication of inflation using the same data collected for use in the quarterly CPI. The monthly reading includes updated prices for between 62 and 73 per cent of the weight of the quarterly CPI basket, its not the full picture.The full quarterly reading is not due until the end of July.While this is a stopgap update it won;t be ignored. Boht the headline and core came in hotter tha
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