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.

David Llewellyn-Smith
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