October inflation hat-trick

31 October 2016

 

The Melbourne Institute Inflation Gauge recorded a rise for a third month in a row in October. The latest reading indicates consumer prices rose by 0.2% for the month and 1.5% year on year. While October’s monthly figure is less than September’s 0.4%, the year-on-year figure is higher than September’s 1.3%. Readers will see from the chart below how the Inflation Gauge is an excellent estimator of annual CPI figures...

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