Australia’s Melbourne Institute inflation gauge rose 0.3% in November, matching the previous month,

• the annual measure edged up to 3.2% from 3.1%

The core measure (trimmed mean) +0.3% m/m

• and +2.8% y/y (prior +2.6%)

The data indicate domestic price pressures remain sticky, with underlying momentum still running above the Reserve Bank of Australia’s 2–3% target band.