Inflation Gauge annual rate exceeds 3% again in November

06 December 2021

 

Summary: Melbourne Institute Inflation Gauge index up 0.3% in November; index up 3.1% on annual basis; bond yields fall modestly. 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...

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