From today’s Telegraph:
JPMorgan economist Helen Kevans said steady producer prices could be a sign that inflation is not rising fast enough for the Reserve Bank of Australia(RBA) to raise interest rates next week.
It’s a precursor to Consumer Price Index (CPI), but there’s not a lot of correlation between the two series…
Ms Kevans said. By way of clarification, she went on to explain
We would expect a CPI on the lower side of our expectations.
* Thanks to Mike Smith for alerting me to these pearlers.