Australian inflation climbed the most in four years in December and is set to rise further, according to the publisher of a nongovernment survey here.
The TD Securities monthly inflation gauge rose 0.7% from November, its authors said Monday. It was the highest month-to-month gain since January 2010.
The gauge increased by 2.7% in 2013, putting annual inflation close to the top end of the central bank’s target range of between 2% and 3%.
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