TD Securities monthly inflation rockets!

Monday 5 August 2013

TD Securities monthly inflation is out and whoa she’s up 0.5% on petrol and hotels. Year on year is now 2.7 per cent, up from 2.4 per cent in June. The trimmed mean came in at 3.1%.

Price rises for automotive fuel, as well as holiday travel and accommodation were the main contributors to the rise in the July inflation rate.

It’s going to be quite something watching interest rates fall as tradable inflation rises.

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.