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SYDNEY, Jan 18 AAP

January 18 2013, 4:05PM

A preview of next week's Australian economic data, January 21 to January 25:

AUSTRALIAN BUREAU OF STATISTICS CONSUMER PRICES INDEX (CPI)

Due: Wednesday

Period: December quarter

Market forecast: Headline CPI to rise 0.4 per cent and underlying inflation to be 0.65 per cent in the three months to December.

Last Result: The price of Australian consumer goods and services rose 2.0 per cent in the year to September, a faster rise than economists had expected.

The consumer price index (CPI), a key measure of inflation, rose 1.4 per cent in the September quarter, after rising by 0.5 per cent in the June quarter.

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WESTPAC-MELBOURNE INSTITUTE LEADING INDEXES OF ECONOMIC ACTIVITY

Due: Wednesday

Period: November

Market forecast: No market forecast

Last Result: Australia's economic growth is likely to slow in the near future, an industry study predicts.

The Westpac-Melbourne Institute leading index of economic activity has reported a fall in the annualised growth rate to 2.9 per cent in October, from 4.1 per cent in September.

The figure is fairly close to the index' long-term trend of 2.7 per cent.

The index tracks growth in the Australian economy three to nine months into the future.

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COMMONWEALTH BANK BUSINESS SALES INDICATOR

Due: Wednesday

Period: December

Market forecast: No market forecast

Last Result: According to the Commonwealth Bank's Business Sales Indicator, economy-wide spending rose 2.2 per cent in November, following a one per cent fall in October.

CBA executive general manager, local business banking, Adam Bennett said the increase in spending was good news for businesses hoping for a pre-Christmas boost after a tough year for many traders.

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AUSTRALIAN OFFICE OF FINANCIAL MANAGEMENT TO ISSUE TREASURY NOTES

Due: Thursday

A tender is planned for the issue of $1 billion of treasury notes maturing on April 12 2013 and $1 billion of treasury notes maturing on May 24 2013.

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