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1.Market Observations, 8.Was Sticky

24 Oct 2016 (AFR) – Key CPI data looms as world inflation reaches ‘inflection point’

(24 October 2016, AFR, p5, by Patrick Commins)

‘The outlook for global inflation is on the turn, but economists are more worried that consumer price index figures this week might force the Reserve Bank of Australia into cutting rates again. Over the past week headline inflation rates in the United States and United Kingdom jumped to their highest in almost two years, at 1.5 per cent and 1 per cent respectively. New Zealand CPI numbers were also stronger than expected, although price growth remains very subdued. Rising commodity prices, especially oil, are a key factor for firming global inflation, with a tumbling pound contributing to price increases in the UK.’

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