Australian Economy Australian interest rates Miscellaneous

Australian inflation still weak

Wednesday 30 January 2019

The ABS is out with Dec QTR CPI and it’s still weak:

The headline was slightly above consensus so markets got excited but analytical series are all about as scary as facing Phil Lowe in a fist fight. And they are going to weaken from here.

Nothing here to prevent a dovish shift in the lunatic RBA.

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.