From TD Securities, February monthly inflation came in at 0.2% month or month and 2.7% year on year. TD is sounding worried:
“Using mid-quarter prices now available, our inflation gauge measure is showing worrying signs of further price acceleration,” TD Securities head of Asia-Pacific research Annette Beacher said.
…”The clear signal is that inflation pressures continue to build rapidly, pressing against if not punching through the upper bound of the RBA’s 2 to 3 per cent target range.”
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.
