Producer prices subdued

Friday 1 February 2013

There’s not much inflationary pressure in the Australian industrial pipe. December quarter Producer Prices from the ABS rose just 0.2% in the quarter and 1% year-on-year:

And the weakness is across the spectrum:

Nothing to worry about vis inflation. Carbon tax, schmarbon tax.

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.