Australian monthly inflation comes in soft

Monday 3 September 2018

The monthly Melbourne Institute Inflation Gauge has come in and its not exactly setting the world on fire:

+0.1 % m/m (prior +0.1%)
+2.1 % y/y (prior +2.0%)
‘Trimmed mean’ in at +0.1% m/m and +2.1% y/y

One of the staggering holes in official data collecting – putting aside the questionable way the CPI is assembled – is the lack of a monthly measure, unlike the rest of the developed world:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.