Australian Economy Australian interest rates

Australia crashes into deflation

David Llewellyn-Smith

Monday 1 June 2020

Deep! Via the Melbourne Institute monthly inflation indicator:

Minus 1.2% for May and 0.1% year on year.

If you’ve got a job with a stable salary and no assets then you’re getting richer.

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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.