From Forexlive:
TD Securities and the Melbourne Institute Inflation guage
- +0.4% m/m (prior +0.2)
- +2.3% y/y (2%)
- ‘Trimmed mean’ measure of underlying core inflation +0.2% m/m and 2% y/y
Comments from Annette Beacher, Asia-Pacific macro strategist at TD Securities:
“We also draw attention to the monthly and annual jump in tradable inflation, further confirmation that the weaker exchange rate is feeding through into higher imported costs”
- Tradable goods and services costs +0.6% m/m (+3% y/y)
- Non-tradable prices +0.2% m/m & +1.8% y/y
Another subdued inflation reading, though the m/m headline is ticking higher. the y/y ‘trimmed mean’ is as the bottom of the RBA target band.
Still not an issue.
