Australian EconomyAustralian interest rates

NAB survey declares Aussie inflation dead on arrival

David Llewellyn-Smith
Wednesday, 25 January 2023
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If you’re looking for an inflation turning point then yesterday’s NAB business survey for January is a terrific candidate.

Headline indexes all declined sharply:

Cost inputs rolled hard, including the preposterous wages blowout which actually peaked six months ago:

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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.