Stay 
Trading Conditions
Products
Tools
The inflation forecast for Australia surged in January, the latest survey from the Melbourne Institute showed on Thursday, spiking 4.3 percent.
That follows the 3.4 percent forecast in December, and it marks the highest reading since coming in at 4.4 percent in May 2014.
A rebound in commodity prices is seen as the main factor for the sharp increase - although prices may surge beyond the Reserve Bank of Australia's target range of 2 to 3 percent.
