Aussie inflation nowhere

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Via the ABS comes the CPI:

Jun Qtr 2020 to Sep Qtr 2020 Sep Qtr 2019 to Sep Qtr 2020
Weighted average of eight capital cities % change % change
All groups CPI 1.6 0.7
Food and non-alcoholic beverages -0.4 3.4
Alcohol and tobacco 1.6 8.1
Clothing and footwear 0.4 -0.5
Housing 0.0 -0.2
Furnishings, household equipment and services 12.0 -0.1
Health -0.1 1.0
Transport 3.4 -4.0
Communication -0.8 -3.3
Recreation and culture 1.1 -0.7
Education 2.1 1.0
Insurance and financial services 0.1 1.6
CPI analytical series
All groups CPI, seasonally adjusted 1.5 0.7
Trimmed mean 0.4 1.2
Weighted median 0.3 1.3

Total nothing burger. No price pressure anywhere except taxes in smokes and booze.

About the author
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.