Summary: Melbourne Institute Inflation Gauge index up 0.2% in August; up 6.1% on annual basis; ACGB yields up noticeably; rate-rise expectations soften slightly. 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...