Australia TD-MI Inflation Gauge Rises In December

A key measure of inflation in Australia increased at a faster pace in December, a report from the TD Securities and the Melbourne Institute revealed Monday.

Their monthly inflation gauge rose 0.7 percent in December, following a rise of 0.2 percent in November and an increase of 0.1 percent in October.

In the twelve months to December, the Inflation gauge increased 2.7 percent, following a 2.4 percent rise for the twelve months to November.

Contributing to the overall change were price rises for fruit and vegetables, tobacco, automotive fuel, and holiday travel and accommodation, the report said. These were offset by falls in furniture and furnishings, garments, and rents.

The trimmed mean of the inflation gauge increased 0.4 percent month-on-month in December, to be 2.9 percent higher than a year ago.

The material has been provided by InstaForex Company – www.instaforex.com

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