Inflation Gauge back to 3% in January

31 January 2022

 

Summary: Melbourne Institute Inflation Gauge index up 0.4% in January; index up 3.0% on annual basis; bond yields fall, especially at short end; cash futures imply rate rise by June. The Melbourne Institute’s Inflation Gauge is an attempt to replicate the ABS consumer price index (CPI) on a monthly basis. It has turned out to be a reliable leading indicator of the CPI, although there are periods in which the...

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