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So ... you may have been surprised to learn that I thought the latest ABS inflation data was coming out today. The data, which covers movements in the Consumer Price Index (CPI) for September, will be a key element in the Reserve Bank's imminent decision on interest rates. That meeting is a week from today, the traditional first Tuesday in November that also hosts Melbourne Cup. This is done not just because the Reserve Bank wants to actively ignore the nation's largest city but so that sub-editors can use the phrase 'The Rate/Race That Stops The Nation', which is the kind of weak pun the industry loves. Anyway, I hope all of that extraneous detail has taken your mind off the fact my lack-of-sleep-addled brain saw the 'future releases' section of the ABS website and thought it was today. Inflation comes out tomorrow, 11:30am AEDT, and will be well covered by the ABC business team, several of whom got a rude shock reading the blog and thinking for a second it was today. Apologies to all. Enjoy your extra day! You're welcome.
