Australia – TD Securities/Melbourne Institute (MI) Inflation Gauge for September, +0.1% m/m

  • prior was 0.0% (no change) m/m

For the y/y +2.2%

  • prior was +2.5% y/y
TD inflation

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Trimmed mean +0.1% m/m also and +2.3% y/y

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Although this is not the official data (we only get official inflation data once per quarter in Australia), this private measure of inflation is well within the RBA target range. The RBA might have 99 problems, but inflation isn’t one.