The January consumer price index rose at a faster rate than expected, with both core and super core higher than consensus, reflecting higher rental and transportation costs respectively.
Headline January CPI index rose by 0.3 per cent (up 0.31 per cent unrounded), a tenth above consensus. The year-over-year advance in the headline CPI slipped by three tenths to 3.1 per cent (the headline CPI surged by 0.5 per cent last January).
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
