Free Trial

Inflation Gauge Confirms Inflation Peak Behind Us


The Melbourne Institute’s inflation gauge eased to 5.7% in March from 6.3%, indicating that it likely peaked in January at 6.4%. It rose 0.3% m/m after 0.4% in February and 0.9% in January. The trimmed mean measure rose 0.4% m/m and 5.2% y/y, which rose 4.9% the previous month. The MI inflation gauge is signalling that price pressures persist but are easing. Analysts are divided over the outcome of Tuesday’s RBA meeting. Q1 CPI data is released on April 26, which should give a clearer picture on domestically-driven inflation.

Australia CPI vs MI inflation gauge y/y%

Source: MNI - Market News/Refinitiv/ABS

To read the full story



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.