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AUSTRALIAN CONSUMER PRICES RISE SLIGHTLY IN JAN.
SYDNEY, Feb 2 Asia Pulse - Australian prices for consumer goods and services rose 0.4 per cent in January, a report said.
The TD Securities-Melbourne Institute Experimental Monthly Inflation Gauge said the firmer figure followed a flat result in December, to be 2.3 per cent higher than a year earlier.
Over the three months to January, the annualised inflation rate was 3.6 per cent, the report said.
In the six-months ending January, the annualised increase in the TD-MI Inflation Gauge was 2.7 per cent.
The report said the main changes in January were rises in education fees and utility costs - which were normally associated with the start of the new year - and higher petrol prices.
However, a fall in the cost of holiday travel and accommodation partially offset the price increases, the report added.
TD Securities chief strategist Stephen Koukoulas said the annual rate of inflation continued to track around the bottom of the Reserve Bank of Australia's two to three per cent inflation target range.
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