Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The implicit price deflators in the national accounts also stalled in Q1 consistent with CPI developments. While the GDP deflator eased to 2.4% y/y from 2.8% it rose 1.3% q/q, the third straight quarter above 1%. But domestically driven inflation is significantly higher at 4.5% y/y only slightly lower than Q4’s 4.6%. The household consumption deflator picked up to 4.7% y/y from 4.6% and private capex to 3.2% from 3%. Prices paid by the government returned to recent rates at 4.8% y/y. While this data is backward looking, it shows that domestic inflation remained high at the start of 2024 and little disinflationary progress was made.
Australia domestic IPDs y/y%
Source: MNI - Market News/ABS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.