The CPI was released yesterday. It is the first fair dinkum monthly CPI.
It was bad. It rose stronger than expected. Thus the RBA will stay put on rates as they should.
HERE is some good commentary
HOWEVER it is a new series. It will take time to be broken in. The RBA has already said it will take more notice of the quarterly CPI.
I have to say both the last quarterly number and this number is at odds with business surveys which say inflation is okay.
This simply means you wait until you are sure where is inflation is and heading.
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