Inflation Sticks To The Script: Probably….

We got the next tranche of monthly inflation data from the ABS today, which showed that the Consumer Price Index indicator edged down to 2.4%, which is below economists’ estimate of 2.5%. The headline figure has now been inside the RBA’s 2-3% band for seven straight months. One important point of distinction with the monthly Indicator is that, while it will include prices for all the items in the CPI basket, not all these prices will be updated each month, so there are large helping of fudge in the numbers, which is why the RBA tends to value the quarterly […]