Inflation Gauge pace picks up in March

04 April 2022

 

Summary: Melbourne Institute Inflation Gauge index up 0.8% in March; up 4.0% on annual basis; “consistent with an acceleration in underlying inflation”; bond yields barely change on day; cash futures imply no rate rise until after May. 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,...

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