Wholesale inflation is nowhere, from the ABS on the June quarter PPI:
FINAL DEMAND (EXCL. EXPORTS)
- rose 0.3% in the June quarter 2018.
- mainly due to rises in the prices received for Heavy and civil engineering construction (+1.5%), Building construction (+1.2%) and Petroleum refining and petroleum fuel manufacturing (+11.9%).
- partly offset by falls in the prices received for Other agriculture (-2.9%), Fishing (-18.9%) and Professional and scientific equipment manufacturing (-2.3%).
- rose 1.5% through the year to the June quarter 2018.