At 02:30 (GMT+2), Australian consumer price index data for the third quarter will be released. It is the main indicator of inflation in the country and determines the change in the level of retail prices for a particular basket of goods and services: food, transportation, utilities, healthcare, etc. It has a significant impact on monetary policy decisions. The consumer price index is expected to rise from 0.7% to 1.1% on a monthly basis and from 2.1% to 3.0% on an annual basis. The forecast's fulfillment will confirm an increase in inflation to the upper limit of the Reserve Bank of Australia's (RBA) target range and could push officials to maintain the interest rate at the current level, strengthening the national currency.
