The Melbourne Institute released its inflation gauge, and it dropped from 6.3 per cent to 5.7 per cent.
Source: Shane Oliver, AMP
The trimmed mean reading also fell to 5.2 per cent, further confirming that inflation peaked last year.
ANZ-Indeed reported that job ads peaked in September 2022 and have fallen -7.2 per cent since.
As such, the Reserve Bank of Australia will almost certainly be pausing interest rate hikes tomorrow, according to market pricing.
