The TD Securities monthly inflation gauge for October is out and is up a measly 0.1% month on month, prior was 0.2%. Year on year is up 2.4% prior was 2.4%. Here is the chart:
Nothing to worry about here for tomorrow’s meeting. Interestingly, however, if the housing is finally stimulated as planned by the politburo in Canberra and Martin place then it may not be long before they need to reign it in again. The following is the RP Data house price index charted against TD.
