Australia's inflation accelerated in October, exceeding analysts' estimates and rising at its fastest pace in seven months, data from Australian Bureau of Statistics showed Wednesday.

The consumer price index rose 3.8% in October, year on year, marking its fastest pace since April, based on data released by ABS going back to April 2024. That was higher than economists' average estimate for a 3.6% rise in a Reuters poll.

This is the first time that the ABS has released the complete monthly consumer price index, as the government transitions from quarterly CPI to using the monthly gauge as the primary measure for headline inflation.

"The shift to a complete monthly CPI means we now see all expenditure classes each month," said Sunny Nguyen, head of Australia economics at Moody's Analy

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