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Melbourne Institute Monthly Inflation Gauge
The TD Securities – Melbourne Institute Monthly Inflation Gauge rose by 0.1 per cent in January, following a flat December. In the twelve months to January, the Inflation Gauge remained at 1.5 per cent for the second consecutive month, after posting a 2.2 per cent rise for the twelve months to November. Contributing to the overall change in January were price rises for medical products, appliances and equipment (seasonal, +8.9 per cent), audio, visual and computing equipment (+8.7 per cent) and education (seasonal, +2.4 per cent). These were offset by falls in fuel (-13.4 per cent), fruit and vegetables (-2.3 per ... (full story)