\n\tBy Rudi Filapek-Vandyck<\/p>\n
\n\tTD Securities and the Melbourne Institute report their Monthly Inflation Gauge rose by 0.4% in April, following a 0.5 % rise in March and a 0.1% rise in February. In the twelve months to April, the Inflation Gauge has now risen by 2.9%.<\/p>\n
\n\tContributing most to the overall change in April were (seasonal) price rises for health services, as well as a pickup in fruit and vegetable prices, and the price of rent. There were falls in the price of automotive fuel, meat and seafood, and audio, visual and computing equipment.<\/p>\n
\n\tThe trimmed mean of the Inflation Gauge rose by 0.2% in April, following a rise of 0.5% in March. In the twelve months to April, the trimmed mean has now risen by 2.8%.<\/p>\n
\n\tAnnette Beacher, Senior Strategist at TD Securities, talks about a “ worrying development” given both inflation measures are now close to the upper end of the RBA's official inflation target of 2-3%.<\/p>\n
\n\tTD Securities remains of the view that the RBA’s projections for underlying inflation to decelerate to 2.5% by mid-year are likely to prove too optimistic, with the Australian economy expected to be bumping against speed limits sooner rather than later.<\/p>\n
\n\tIt is for this reason the RBA is expected to raise by 25bp at its board meeting tomorrow, though Beacher concedes it remains a close call.<\/p>\n","protected":false},"excerpt":{"rendered":"
The TD Securities-MI inflation gauge for April recorded a gain of 0.4% for the month.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[21],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56554"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=56554"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56554\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}