Australian Economy Australian interest rates

Monthly inflation rockets on oil

Monday, 4 July 2016

Melbourne Institute inflation gauge for June has come in hot at 0.6% month on month and 1.5% year on year:

The trimmed mean is more important to the RBA and came in at a more subdued 0.2%. Nothing here to dissuade further RBA easing and plenty to trigger it.

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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.