MI Inflation Gauge ticks up in September; annual rate 2.6%

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07 October 2024

 

Summary: Melbourne Institute Inflation Gauge index up 0.1% in September; up 2.6% on annual basis; ACGB yields jump; 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 in which the Inflation Gauge...

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