Monthly inflation has collapsed

October monthly inflation out from Melbourne Institute and it’s another donut for an annual figure of 1.5%:

The last seven months have printed a grand total of 0.5% inflation.

Yeh, it’s a shit economy.

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 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.

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Comments

  1. Someone didn’t tell Apple. Has anybody seen their prices lately! My healthcare went up $50 a week and benefits were removed. Does inflation capture that? To get decent fruit and veges you need to get organic which costs an arm and a leg. Also myself and the family have so many subscriptions to various services its hard to keep up. Does inflation capture all these new services? And finally you cant tell me child care has only grown 1.5% over the year. These figures are a joke. We have been raising prices in our business about 4% a year to keep up and everyone is doing the same

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