Summary: Melbourne Institute Inflation Gauge index down 0.1% in August; up 2.5% on annual basis; Westpac: largely reflects electricity rebates; ACGB yields rise; rate-cut expectations soften, February cut no longer fully priced in. 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...