Major bank: Australian inflation worse than everywhere


Credit Agricole with the orthodox take on Australian inflation and the AUD.

Aussie inflation is not stuck. It is coming down like elsewhere. Outside of rents. Public investment is topping out this year.


The labour market is loose on every measure other than ABS data, which is lagging and inept given that it can’t capture such swift immigration.

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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.