Monthly inflation firm again

Monday, 6 November 2017

Melbourne Institute monthly inflation for October is in at 0.3% and 2.5% year on year:

Trimmed mean was 0.2% and 2.7%. There is 1.1% to fall out of the gauge over the next three months so we’ll need to see ongoing firm prints or it will fall sharply.

I see no problem here.

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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.