Data from the Australian Bureau of Statistics on Wednesday showed its monthly consumer price index (CPI) rose at an annual pace of 4.3% in November, down from 4.9% in October and under market forecasts of 4.4%.

A closely watched measure of core inflation, the trimmed mean, rose an annual 4.6%, down sharply from 5.3% in November. The CPI excluding volatile items and holiday travel slowed to 4.8%, from 5.1%.

(Reporting by Wayne Cole; Editing by Christopher Cushing)