Melb. Institute inflation measure slows in September

02 October 2023

 

Summary: Melbourne Institute Inflation Gauge index up 0.1% in September; up 5.7% on annual basis; ACGB yields barely move; rate-rise expectations unchanged. 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...

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