Inflation Gauge hits 3.5% in February

28 February 2022

 

Summary: Melbourne Institute Inflation Gauge index up 0.5% in February; index up 3.5% on annual basis; bond yields fall sharply on day; cash futures imply no rate rise until after 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...

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