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Monday, 4 February 2019

Inflation decelerates further

Oops, it did it again

MI's monthly inflation gauge slowed further, actually printing negative for the month. 

Excellent chart courtesy of Dr. Alex Joiner of IFM:


If the ABS figures follow suit in Q1 2019 it will be interesting to see how long the Reserve Bank can argue that inflation is heading back to the target (thus justifying its ostensibly hawkish stance on rates).