The Melbourne Institute Inflation Gauge is a privately surveyed inflation indicator. it was the 'go to' for a guide to monthly inflation data for Australia prior to the Australian Bureau of Statistics introducing their monthly measure. For October 2024:+0.3% m/m (prior +0.1%)+3.0% y/y (prior +2.6%)The jump will not be welcome news to the Reserve Bank of Australia. The Gauge is not a definitive guide to inflation, but a rise of this magnitude, both m/m and y/y, will not be shrugged off/ Analysts are currently clustered around a February RBA rate cut expectation. Market prcingis for the first cut around May, instead. Curent rates from the RBA webioste. ***ps The Bank meets this week, November
Hence then, the article about australian october melbourne institute inflation gauge 0 3 m m prior 0 1 was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Australian October Melbourne Institute Inflation Gauge +0.3% m/m (prior +0.1%) )