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The TD Securities/Melbourne Institute Inflation Gauge for November is out at 0.1% month on month, down from 0.2% in October. Year or year it came in at 2.2% down from 2.3%. The trimmed mean measure was also 0.1% month on month and 2.4% year on year.
A few months ago, TD’s Annette Beacher was one the most prominent hawks warning that the RBA was behind the curve. Just wait until oil and electricity peter through it in the next few months.
TD fail.
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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