Melbourne Institute April inflation gauge +0.5% vs +0.1% m/m prior

Latest data released by the Melbourne Institute - 30 April 2018

• Inflation gauge +2.0% vs +2.1% y/y prior

The readings here provide a look at consumer inflation and is formulated in such a manner that it is supposed to mirror that of the quarterly inflation figures from Australia.

A minor data point compared to the real thing, but one which offers a gauge of inflationary pressures in the Australian economy.

AUD/USD a little higher boosted by the better-than-expected Chinese PMI figures, touching highs of 0.7582 before settling now at 0.7580.