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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.
AUSTRALIA DATA
National average petrol prices rose 7.8% m/m in October with the last week increasing almost 5c/L to its highest since late July (+2.7% on the week to October 30). This is after three consecutive monthly declines and partly reflects the increase in fuel tax at the end of September and higher oil prices.
- Petrol price developments may weigh on November consumer confidence (due November 8), especially if prices continue rising at the start of the month while the survey is still being conducted.
- Petrol prices also have a relationship with consumer inflation expectations, published November 10, thus indicating that they could tick up in November for the first time since June.
Australia inflation expectations vs petrol prices
Source: MNI - Market News/Refinitiv/Australian Institute of Petroleum
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.
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