| Inflation rises sharply in December: TD Securities-Melbourne Institute |
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(January 16,2012) RISING prices for holiday travel and residential homes sent Australian consumer prices higher in December, the TD Securities-Melbourne Institute monthly inflation gauge showed today. After a series of small gains and losses for the index over the past three months, there was a more significant uptick in December thanks to holiday travel and accommodation, alcohol and tobacco, and new dwelling purchases by owner-occupiers. The gains in owner-occupier home prices were particularly striking given the declines in home prices throughout the country in much of 2011, halting a vast run higher over the past two decades. In December, the TD-MI inflation gauge rose 0.5 per cent over the month, following a 0.1 per cent decrease the month before. In the 12 months to December, the inflation gauge rose 2.4 per cent -- in the middle of the Reserve Bank of Australia's inflation target band of 2 per cent to 3 per cent. (source：theaustralian） |
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