TD inflation crashes

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And down we go again following tearaway 0.7% read in December, TD monthly inflation is 0.1% for January and 2.5% year on year.

“If we exclude the seasonal jump in education fees, utility prices and transport fares, price pressures appeared to start 2014 on a particularly soft note, somewhat of a relief after the shock price increases featured in our December report.”

If you pay attention to monthly and not trend data, I guess.

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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.