Melbourne Institute Inflation Gauge +0.4% m/m in Feb
- Before +0.9%
YoY +6.3% p>
- Previous +6.3%
core Inflation measured by the trimmed meanwas +0.7% m/m and 4.9% y/y (5.3% before).
The m/m headline has retreated, but remains too high at 0.4% m/m, with underlying (core) inflation rising further. RBA doesn’t take much comfort from this data.
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The Melbourne Institute Inflation Gauge, produced by the Melbourne Institute of Applied Economics and Society at the University of Melbourne, is highly regarded as an early indicator of the inflationary trend in the Australian economy that is closely monitored by policy makers. increase.
This article was written by Eamonn Sheridan at www.forexlive.com.