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Melbourne Institute’s Australian Consumer Inflation Index Climbs 0.5% in April

Monday, May 01 2017
Melbourne Institute’s Australian Consumer Inflation Index Climbs 0.5% in April

A closely-watched measure of Australian consumer prices rose at a faster pace in April, signaling faster inflation at the start of the second quarter. The TD Securities-Melbourne Institute consumer inflation index ­­­rose 0.5% in April, following a 0.1% increase in March.

Annualized inflation rose 2.6% in April, following a 2.2% increase the previous month. The Melbourne Institute’s inflation gauge has increased in eight of the past nine months. The government’s official inflation gauge ran hotter in the first quarter, a sign deflationary risks were subsiding.

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