Inflation gauge falls sharply

David Llewellyn-Smith

Monday 1 May 2023

TD Securities/Melbourne Institute CPI inflation gauge for April 2023:

April 0.2% m/m and 6.1% y/y
March was 0.3% m/m and 5.7% y/y
Trimmed mean 0.3% m/m and 5.5% y/y
prior 0.4% m/m and 5.2% y/y

Good progress but more is needed. Charts from Alex Joiner:

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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.