Australia’s MI Inflation Gauge accelerated in October 2026, pointing to a pickup in underlying price pressures heading into the final quarter of the year. The monthly indicator rose 0.5% month-over-month, up from a 0.3% increase in September 2026, according to data updated on 2 November 2026.
The MI Inflation Gauge compares price changes each month with the previous one, providing a timely read on inflation trends ahead of official data. October’s stronger rise suggests that inflation momentum is edging higher compared with the pace seen in September, when prices grew at a more moderate rate versus August.
With the October reading showing a faster month-on-month gain, markets and policymakers will be watching closely to see whether this marks the start of a more persistent inflation uptick or a one-off acceleration. The latest data underline the importance of upcoming releases to confirm whether price growth continues to firm in Australia.
