TD Securities shows deflation in June

Advertisement

TD Securities monthly inflation for June is out and shows deflation on the month of -0.2%:

That’s a big move down and goodness only knows how it will play into June quarter GDP results. Could we get another quarter of deflationary boom?

Year on year inflation is now 1.6%:

Advertisement

Obviously if the CPI follows, there’s more room for stimulus.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.