Inflation Gauge up 0.2% in November; up 2.9% over year

02 December 2024

 

Summary: Melbourne Institute Inflation Gauge index up 0.2% in November; up 2.9% on annual basis; short-term ACGB yields rise modestly, longer-terms yields steady; rate-cut expectations soften. 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...

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