Inflation Gauge reverses course in August

05 September 2022

 

Summary: Melbourne Institute Inflation Gauge index down 0.5% in August; up 4.9% on annual basis. 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 Inflation Gauge and the CPI have diverged for as long as twelve months. On average,...

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