The Melbourne Institute’s Monthly Inflation Gauge showed prices eased to a four-month low of 0.2% in December 2022, slowing sharply from a 1.0% rise in the previous month while marking the fourth straight month of increase. The latest result came despite signs that Australia's inflation figures remained high, both in terms of quarterly and monthly readings. The annual inflation rate in Australia climbed to an over three-decade high of 7.3% in Q3 of 2022 from 6.1% in Q2, amid higher prices for new dwelling construction, automotive fuel, and food. Meantime, monthly data indicated that consumer prices in Australia returned to a record high of 7.3% yoy in November, far above the Reserve Bank of Australia's target range of 2-3%. The central bank since May 2022 has raised borrowing costs by 300bps to 3.1%, a level not seen since November 2012 while flagging more rate hikes going forward. source: Melbourne Institute

MI Inflation Gauge MoM in Australia averaged 0.22 percent from 2002 until 2022, reaching an all time high of 1.20 percent in July of 2022 and a record low of -1.20 percent in May of 2020. This page includes a chart with historical data for Australia MI Inflation Gauge MoM. Australia Melbourne Institute Inflation Gauge MoM - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

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Australia Melbourne Institute Inflation Gauge MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-12-05 12:00 AM Nov 1% 0.4% 0.3%
2023-01-16 12:00 AM Dec 0.2% 1%
2023-02-06 12:00 AM Jan 0.2% 0.3%


Related Last Previous Unit Reference
MI Inflation Gauge MoM 0.20 1.00 percent Dec 2022
Inflation Expectations 5.60 5.20 percent Jan 2023

Australia Melbourne Institute Inflation Gauge MoM
In Australia, the Melbourne Institute Monthly Inflation Gauge estimates month-to-month price movements for a wide range of goods and services across the capital cities of Australia. It aims to provide financial markets and policy-makers with regular updates on trends in inflation. The report is based on the Australian Bureau of Statistics’ methodology for calculating the quarterly consumer price index.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 1.00 1.20 -1.20 2002 - 2022 percent Monthly
NSA

News Stream
Australia MI Monthly Inflation Gauge at 4-Month Low
The Melbourne Institute's Monthly Inflation Gauge showed prices eased to a four-month low of 0.2% in December 2022, slowing significantly from a 1.0% rise in the previous month but marking the fourth straight month of increase. The latest result came despite signs that Australia's inflation figures remained high, both in terms of quarterly and monthly readings. The annual inflation rate in Australia climbed to an over three-decade high of 7.3% in Q3 of 2022 from 6.1% in Q2, amid higher prices for new dwelling construction, automotive fuel, and food. Meantime, monthly data indicated that consumer prices in Australia returned to a record high of 7.3% yoy in November, far above the Reserve Bank of Australia's target range of 2-3%. The central bank, since May 2022, has raised borrowing costs by 300bps to 3.1%, a level not seen since November 2012, and flagged more rate hikes in the future.
2023-01-16
Australia MI Monthly Inflation Gauge at 4-Month High
The Melbourne Institute’s Monthly Inflation Gauge showed prices rose to a four-month high of 1.0% in November 2022, accelerating from a 0.4% rise in the previous month and marking the third straight month of increase. The latest result came ahead of the Reserve Bank's monetary policy meeting for the final time this year. The board is expected to lift key interest rates by another 25bps to 3.1%, the highest level since June 2012, amid continued efforts to contain high prices.
2022-12-05
Australia MI Monthly Inflation Gauge at 6-Month High
The Melbourne Institute’s Monthly Inflation Gauge showed prices rose to a 6-month high of 0.4% in January 2022, accelerating from a 0.2% monthly increase in the previous month due to significant hikes for housing related prices. The price of new dwellings for owner-occupiers increased 1.9% in January and housing rents rose 2.6%. In annual terms, the trimmed mean measure reached 2.9% in January and is therefore close to the top-end of the Reserve Bank of Australia’s 2-3% target band.
2022-02-07