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.
Melbourne Institute consumer inflation expectations eased to 4.5% in December from 4.9%, the lowest since January 2022. The result is not surprising given the almost 8% drop in national petrol prices since mid-November, the larger than expected moderation in the October CPI (which received a lot of press coverage), and the RBA on hold at the start of December. While inflation was the main concern of households in the latest Westpac survey, the RBA will be pleased to see expectations continuing to trend lower. Q4 CPI on January 31 will be key to the February meeting outcome, and the MI data suggests it should moderate further.
Australia quarterly CPI y/y% vs MI consumer inflation expectations
Source: MNI - Market News/Refinitiv
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.