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Australia Inflation Gauge +0.4% In December - TD Securities

Jan 14 2013
By
Forexbrokerz.com

A gauge measuring inflation in Australia came in higher by 0.4 percent on month in December, TD Securities said on Monday - after easing 0.1 percent in November.

On a yearly basis, CPI was called higher by 2.4 percent, dipping from 2.5 percent in the previous month.

That keeps inflation within the Reserve Bank of Australia's comfort zone, after the central bank trimmed interest rates last month by 25 basis points or 3.00 percent.

The RBA does not meet in January and will not decide until February 5 whether or not to take any further action on rates.

"We are of the view that the cash rate should remain at the already record low of three percent," TD Securities head of Asia-Pacific research Annette Beacher said in a statement.

The material has been provided by Instaforex Company - instaforex.com
TAGS: Australia  Inflation  Gauge  +0.4%  In  December  -  TD  Securities   

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