The figures issued in the Asian session today, Wednesday, from the Australian Institute of Statistics (ABS) showed that the consumer price index, which measures inflation in Australia, increased by 7.3% on an annual basis in the twelve months to November of last year, compared to 6.9% in October, exceeding expectations that indicated an increase to 7.2%.

In the details, prices in the housing index increased by 9.6% on an annual basis, while the prices of food and non-alcoholic beverages increased by about 9.4%, and the prices of tobacco increased by about 9%.

The Australian dollar is trading at 0.6920 levels against the US dollar, an increase of about 35 points, before the opening of the European markets.