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 Melbourne Institute’s inflation gauge for February posted a smaller monthly increase of 0.4% m/m compared with 0.9% last month bringing the annual rate to down slightly to 6.3% y/y from 6.4%, the second highest since the series began with January the highest. Possibly this indicator is very tentatively pointing to a peak in inflation at the start of 2023 but also that Q1 inflation could be higher than Q4. The RBA is widely expected to hike rates 25bp on Tuesday and with this data showing that price pressures remain elevated and are not yet easing significantly, the guidance is likely to maintain its tightening tone.
- The trimmed mean eased moderately too. It rose 0.7% m/m and 4.9% y/y in February down from 0.9% m/m and 5.3% y/y the previous month. The monthly increase exceeding that of the headline series signals that domestically-driven price pressures remain.
- The MI inflation gauge Q1 average to date is up 1.5% q/q and 5.9% y/y, stronger than Q4’s 1.3% q/q and 5.7% y/y.
Source: MNI - Market News/Refinitiv/ABS/Melbourne Institute
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.