Monthly inflation softens

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Melbourne Institute monthly inflation for February is in at 0.1% month-on-month and 2.1% year on year:

Trimmed mean was -0.2% MoM and 2.2% YoY.

There’s still no obvious inflationary pressures across the economy.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.