mercredi 1 avril 2015
Melbourne Institute Monthly Inflation Gauge
Posted on 18:36 by nice news
Melbourne
Institute Monthly Inflation Gauge
remained flat
in February, following a 0.1 per
cent rise in January. In the twelve months to February, the Inflation Gauge increased by 1.3 per cent, following a
1.5 per cent rise for the twelve months to January.
Contri
buting to the overall change in February were price rises for automotive fuel (+4.7 per cent), utilities (+0.8
per cent), and insurance (+1.1 per cent). These were offset by falls in fruit and vegetables (
-
5.3 per cent), holiday
travel and accommodation (
-
3.0 per cent) and newspapers, books and stationery (
-
1.2 per cent).
The trimmed mean of the Inflation Gauge rose by 0.2 per cent in February, after posting an increase of 0.3 per
cent in January
According to Annette Beacher, Head of Asia
-
Pacific Research
at TD Securities, “
Using mid quarter prices now
available, our inflation gauge measure showed
mixed
price pressures.
Our Inflation Gauge rose by 0.1 per cent in
the March quarter, while in contrast our trimmed mean measure rose by a sharper 0.6 per cent b
etween
November and February. Indeed a two speed story could be unfolding
here
where we observed a 1.2 per cent
decline in
tradable
inflation against a 1 per cent pick up in non
-
tradable inflation
.
”
While we will publish our final forecasts for the official A
BS March quarter CPI with our March Inflation Gauge
report released later this month, inflation pressures remain
relatively
benign at the moment
which should be
supportive for the RBA to cut rates further in this cycle.”
“
For the RBA Board meeting tomorr
ow, we expect Board members to
signal a move to an explicit easing bias
and to offer easier policy to support demand should that prove necessary. While we favour another couple of
months of ‘pause a
Institute Monthly Inflation Gauge
remained flat
in February, following a 0.1 per
cent rise in January. In the twelve months to February, the Inflation Gauge increased by 1.3 per cent, following a
1.5 per cent rise for the twelve months to January.
Contri
buting to the overall change in February were price rises for automotive fuel (+4.7 per cent), utilities (+0.8
per cent), and insurance (+1.1 per cent). These were offset by falls in fruit and vegetables (
-
5.3 per cent), holiday
travel and accommodation (
-
3.0 per cent) and newspapers, books and stationery (
-
1.2 per cent).
The trimmed mean of the Inflation Gauge rose by 0.2 per cent in February, after posting an increase of 0.3 per
cent in January
According to Annette Beacher, Head of Asia
-
Pacific Research
at TD Securities, “
Using mid quarter prices now
available, our inflation gauge measure showed
mixed
price pressures.
Our Inflation Gauge rose by 0.1 per cent in
the March quarter, while in contrast our trimmed mean measure rose by a sharper 0.6 per cent b
etween
November and February. Indeed a two speed story could be unfolding
here
where we observed a 1.2 per cent
decline in
tradable
inflation against a 1 per cent pick up in non
-
tradable inflation
.
”
While we will publish our final forecasts for the official A
BS March quarter CPI with our March Inflation Gauge
report released later this month, inflation pressures remain
relatively
benign at the moment
which should be
supportive for the RBA to cut rates further in this cycle.”
“
For the RBA Board meeting tomorr
ow, we expect Board members to
signal a move to an explicit easing bias
and to offer easier policy to support demand should that prove necessary. While we favour another couple of
months of ‘pause a
Melbourne Institute Monthly Inflation Gauge
Categories: Melbourne Institute Monthly Inflation Gauge
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