Consumer inflation up again

06 February 2017

 

The Melbourne Institute Inflation Gauge rose during January for the sixth month in a row. This latest reading indicates consumer prices rose by 0.6% for the month and 2.1% for the year to the end of January. December’s comparable figures were 0.5% and 1.8% respectively. Bond yields fell on the day and the AUD was slightly weaker against the USD. However, as December retail sales figures and ANZ job advertisement...

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