By Rudi Filapek-Vandyck<\/p>\n
The TD Securities-Melbourne Institute Monthly Inflation Gauge has remained unchanged in August, following a 0.9% rise in July and a 0.4% rise in June. In the twelve months to August, the Inflation Gauge has now risen by 1.7%.<\/p>\n
The economists note the annual change in the monthly Inflation Gauge has now been below the bottom of the RBA target for four consecutive months.<\/p>\n
Contributing most to the monthly Inflation Gauge in August were price falls for holiday, travel, and accommodation; audio, visual and computing, and financial services. These were offset by rises in prices for private motoring, alcoholic drinks, and fruit and vegetables.<\/p>\n
The price of automotive fuel rose by around 3.50% in August, but remains 15% below its level a year ago. The price of dwelling rent fell by 0.5% in August, and is just over 5% below its peak of February 2009.<\/p>\n
The least one can conclude is the August data indicate there is no follow up in price rises that indicate a resurgence in inflation.<\/p>\n
Based on the data to August, the economists suggest the official September quarter CPI is likely to rise by 1.3% yielding an annual inflation rate of 1.6% in the four quarters to September 2009. They note prices rose in August in 28 expenditure groups and fell in 15 for a net balance of 13 rises.<\/p>\n","protected":false},"excerpt":{"rendered":"
The monthly TD Securities-Melbourne Institute Inflation Gauge suggests there’s no sign of resurgent inflation in Australia.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[21],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/55774"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=55774"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/55774\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=55774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=55774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=55774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}