Cheap oil in recent years and the tepid inflation environment has made life hard for New Zealand's Reserve Bank, which delayed cutting interest rates too aggressively for fear of stoking demand for an already hot property market.
The six-month growth rate climbed from flat in November to 1.28 percent in December; in all, the index has been above trend in five straight months.
In a note on the 2016 fourth quarter inflation figures, due to be released today by the Australian Bureau of Statistics, QIC said the rise in oil prices in the second half of 2016 is likely to help stablise headline inflation numbers.
Australia's inflation rate was just 0.5 per cent in the December quarter, down from 0.7 per cent in the September quarter.
National Australia Bank economist Tapas Strickland, who is forecasting a solid 0.9 per cent rise in inflation for the quarter, said consumer prices should be boosted by vegetable, petrol and tobacco prices.
The only reason rates might change (a cut) is if the global economy slows dramatically as investors and consumers take fright at the policies of Donald Trump.
Rio Tinto sells mines to China's Yancoal
Yancoal's majority shareholder is Yanzhou Coal Mining which in turn is majority-owned by the state-controlled Yankuang Group. Australia's Newcastle coal, an Asian thermal benchmark, surged more than 80% in 2016, snapping five years of declines.
Last Minute Obama Gift? Kingpin 'El Chapo' Extradited on Inauguration Eve
The U.S. attorney's office there has substantial experience prosecuting global drug cartel cases and was once led by outgoing U.S. He was immortalized in songs known as narco-corridos, ballads about the drug trade and drug bosses.
Researchers Analyzing Nearby 'Super-Earth' In Search Of Life
However, the closeness of the Wolf 1061 wasn't the only reason of focus; instead there were also other factors. The surface temperature on Venus now reaches around 471 degrees Celsius.
"Cutting the cash rate is unlikely to drive inflation any higher than it is at the moment and all it would do it spur on more housing buying at a time when housing is at very unaffordable levels". Also year over year, inflation missed with 1.5% against 1.6% estimated and core inflation is also at 1.6%, in this case, according to forecast.
Australia's inflation is decelerating.
These rises were partially offset by falls in furnishings, household equipment and services (-0.8 percent) and communication (-0.8 percent).
Local body rates rose 0.2% in the quarter for an annual increase of 3.2%, while rubbish collection and recycling prices were up 2.5% in the three-month period and 5.2% in the year.
So bottom line, no impact on monetary policy ahead of the RBA's first meeting of the year on February 10.