Australia’s Melbourne Institute Monthly Inflation Gauge advanced 0.5% month-on-month in October, a notable acceleration from 0.3% in September and the fourth successive monthly increase. Sustained inflationary pressures have bolstered anticipations of an additional RBA rate increase at this week’s policy meeting. Annual headline inflation attained a six-month high of 4.3% in September, considerably above the central bank’s 2–3% target range.