Australia Melbourne Institute Inflation August 2024 -0.1% m/m (prior 0.4%), its first drop in 6 monthsand 2.5% y/y for a three-year low (prior 2.8%)Trimmed mean inflation gauge flat m/m in Augustlowest in 10 monthsand 2.2% y/y, a 32-month low of 2.2% (vs. 2.6% prior)Lower CPI numbers welcome, but we'll have to wait to see if official CPI data confirms. Dates ahead for CPI data are:September 25Monthly Consumer Price Index indicator for August. The monthly CPI indicator does 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, i
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