Monthly inflation sags anew

Via the Melbourne Institute:

  • month on month inflation at 0.1% in August;
  • year on year at 1.5%

Trimmed mean did a little better up 0.2 to 1.6% but there is no mistaking the lowflation here.

Interest rates to the bottom then QE as the income shock makes it worse again next year.

Houses and Holes

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 fouding 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.

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