Producer prices moderate

Friday 2 November 2012

ABS Q3 Producer Prices is out and shows a moderate level of wholesale inflation on the month up 0.5% but quite subdued year on year at 1.1%.

The internals show the dollar still heavily at work in containing prices:

Nothing here to influence next Tuesday.

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.