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AAP
AAP
Politics
Poppy Johnston

Spotlight on monthly inflation numbers

October's consumer price index numbers from the bureau of statistics will be watched closely. (Jeremy Ng/AAP PHOTOS)

Inflationary pressures in the economy likely stabilised at the lower end of the central bank's target range last month, data due this week could show. 

But progress on underlying measures, which strip away volatility and are the focus of the Reserve Bank of Australia, is tipped to be less subdued and consistent with interest rates staying on hold at the next board meeting in December.

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