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Where’s that inflation pulse gone? The TD Securities/Melbourne Institute Inflation Gauge for September has registered just 0.1% for September after zero in August. Year on year is down to 2.2% and the trimmed mean to 2.3%. The carbon tax removal will suppress it further and the trend is clearly down:
The only inflation problem we’ve got is in houses, though the dollar is about about to deliver another a little boost to wider prices.
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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.
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