Private inflation measure slows in January

05 February 2024

 

Melbourne Institute Inflation Gauge index up 0.3% in January; up 4.6% on annual basis; ACGB yields rise sharply; 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 CPI have diverged for as...

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