Fishing in the Bay

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.

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