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 June moderated to 5.7% y/y from 5.9%. It is now down from the peak of 6.4% in January and close to the May CPI result. The trimmed mean eased to 6% from 6.1%, still elevated but down slightly from February’s peak of 6.3%. Excluding volatile items was even higher at 6.5% but down from 6.6%. The data give the same signal as the CPI, inflation is easing but the bulk of the work is being done by volatile items such as fuel. Underlying price pressures remain high and a concern. The MI measure didn’t go as high as the CPI and is now coming down more gently.
Australia CPI vs MI inflation gauge y/y %
Source: MNI - Market News/Refinitiv/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.