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Australia Inflation Forecast +2.5% In January - TD Securities

Inflation in Australia is expected to rise 2.5 percent on year in January, the latest gauge measuring CPI from TD Securities revealed on Monday.

That's down from 2.7 percent in December, although it remains comfortably within the Reserve Bank of Australia's target range of 2 to 3 percent.

On a monthly basis, consumer prices are expected to add 0.1 percent - slowing dramatically from the 0.7 percent gain in the previous month.

Inflation in Australia was reported at 2.7 percent in the fourth quarter of 2013.

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