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TD Securities - Melbourne Institute Monthly Inflation Gauge
The TD Securities – Melbourne Institute Monthly Inflation Gauge rose by 0.3 percent in April after a rise of 0.4 percent in March. In the twelve months to April, the Inflation Gauge rose by just 1.4 percent, the fifth consecutive print below 2 percent . Contributing to the overall change in April were price rises for medical, dental and hospital services (+4.7 percent), holiday travel and accommodation (+3.1 percent) and fuel (+0.8 per cent). These were offset by falls in alcoholic beverages (-0.7 percent), clothing (-0.7 percent), and audio, visual and computing equipment and services ( - 2.2 per cent). The ... (full story)