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TD monthly inflation is out and shows a return to weakness following last month’s spike, at 0.1% for the month. There were falls in the price of clothing, holiday travel, accommodation and motoring. They were partly offset by rises for vegetables, newspapers, books and stationery and accommodation. The trimmed mean measure fell 0.1 per cent.
If anything that looks like the opposite of tradable inflation.
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.
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