Key points:

• Australia's November inflation is softer than expected。
• The upward trend in household spending could again drive demand-driven inflationary pressures.。
• In Wednesday's trading, the Fed's comments need to be taken into account.。

Australia's monthly CPI indicator:

Australian inflation data for November caught the eye of investors on Wednesday。Following Tuesday's retail sales data, inflation remaining unchanged could delay the RBA's discussion of a rate cut and keep the possibility of a rate hike on the table。

However, the annual inflation rate increased from 4.9% down to 4.3%。Economists predict inflation of 4.4%。

According to the Australian Bureau of Statistics,

The biggest contribution to inflation comes from housing, food and drink。Housing prices rise 6.6%, food and beverage prices 4.6%。Alcohol and tobacco (+ 6.4%) and insurance and financial services (+ 8.8%) also contributed to the annual inflation rate。

Housing: New home prices up 5 YoY.5%, compared to 4 in October.7%。Rents up 7.1% (6 in October.6%)。

ELECTRICITY AND GAS: ELECTRICITY PRICES RISE 10.7% (10 in October.1%), gas and other household fuel prices rose 12.9% (13 in October.0%)。

AUTO FUEL: AUTO FUEL PRICES UP IN NOVEMBER 2.3%, down from 8 in October.6%。

RBA may look at trends in household spending despite lower-than-expected inflation data。The continued upward trend in retail sales could again drive demand-driven inflation and force the RBA to keep the possibility of a rate hike。

AUD / USD reaction to monthly CPI indicator

Aussie dollar falls to 0 before inflation data.A low of $66,786, then rose to 0.High of $66877。

However, in reaction to the inflation data, the Australian dollar fell to zero against the US dollar..$66,828 low, then rose to 0.High of $66950。

On Wednesday, the Australian dollar rose 0.04% to 0.66891 USD。