---
title: "Australia’s Inflation Gauge Steady Ahead of RBA Decision"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/268042457.md"
description: "Australia's Monthly Inflation Gauge rose 0.3% month-on-month in November 2025, matching October's pace. This data precedes the RBA's policy meeting on December 9. The RBA kept its cash rate at 3.6% in November, the lowest since April 2023. Inflation has eased from its 2022 peak, with another rate cut expected in 2026. Annual inflation rose to 3.8% in October, above the RBA's 2-3% target."
datetime: "2025-12-01T09:04:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/268042457.md)
  - [en](https://longbridge.com/en/news/268042457.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/268042457.md)
---

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# Australia’s Inflation Gauge Steady Ahead of RBA Decision

Australia’s Monthly Inflation Gauge, compiled by the Melbourne Institute, rose 0.3% month-on-month in November 2025, matching October’s pace and marking a third consecutive monthly increase.

The latest data comes ahead of the Reserve Bank of Australia’s policy meeting on December 9.

In November, the RBA kept its cash rate at 3.6%, maintaining borrowing costs at their lowest since April 2023.

The central bank noted that inflation has eased sharply from its 2022 peak, despite a temporary uptick in September.

The board anticipates one more rate cut in 2026, with underlying inflation expected to exceed 3% in the near term before moderating to around 2.6% by 2027.

Annual inflation rose to 3.8% in October from 3.6% in September, remaining above the RBA’s 2–3% target, while the trimmed mean CPI climbed to 3.3% year-on-year, surpassing the 3% consensus.

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